Michael Feldman Acquires 98-Unit Multifamily In Dallas, TX For $9.625M

Located at 9727 Whitehurst Dr. in Dallas, Texas, this multifamily property was recently sold in a transaction that also involved a loan. The property consists of 98 units and spans a total square footage of 72,000. The sale took place on June 25, 2021, with a sale price of $9,625,000, resulting in a price per unit of $98,214.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,625,000
• Units: 98
• Square Footage: 72,000
• Address: 9727 Whitehurst Dr., Dallas, TX

In this transaction, the buyer and new landlord is Michael Feldman, while the seller is Steven Grady, represented by Focus Dallas 98, LLC. The mortgage brokerage was handled by Abe Mann of Progress Capital, who assisted in securing a loan amount of $8,050,000 from Fannie Mae. The loan type in this case was an acquisition loan.

For anyone looking for multifamily financing, it is recommended to reach out to Abe Mann at Progress Capital. He can be contacted via email at [email protected] or by phone at 917-574-3810.