Dhanani Private Equity Group Secures $59.2M Loan For Stafford Retail Property
12520 Fountain Lake Circle, Stafford, TX 77477
$59,200,000
$103/SF
Building Size
572,000 SF
Asset Type
Retail
Closing
Dec 14, 2021
AI
The property involved in this closed transaction is a retail asset located at 12520 Fountain Lake Circle in Stafford. The property spans approximately 572,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $59,200,000
- Date: 12/14/2021
- Market: Stafford
The lender in this transaction is Argentic Real Estate Finance. The landlord is Dhanani Private Equity Group, represented by Nick Dhanani. The loan amount for this transaction is $59,200,000. The loan terms are a 10-year term, with partial interest-only payments.
Stafford Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93