FINANCED
Lev Capital Arranges $5.4M Construction Loan For SFR Development In Dallas
707 West Commerce Street
Single Family Residence
24,906 SF
24,906 SF
Financed 1 year ago
Summary
Loan
TEXAS
Single Family Residence
24,906 sqft
A construction loan was secured for a single-family residential property located at 707 West Commerce Street in Dallas. The property spans an impressive 24,906 square feet.
Summary of transation details
- Property Type: Single-Family Residential
- Transaction Amount: $5,375,000
- Loan Type: Construction
- Loan Terms: 70% LTV, 5.83% Rate, Non-Recourse, Full Term IO
The loan was facilitated by Lev Capital with brokers Yaakov Zar, Jack McMahon, Ross Reiffman, and Andras Breuer representing the deal. The construction loan offers a loan amount of $5,375,000 at a rate of 5.83% and a loan-to-value ratio of 70%. The loan terms include non-recourse financing and full-term interest-only payments.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Yaakov Zar, Jack McMahon, Ross Reiffman & Andras Breuer
DATE: 04/29/2022
ADDRESS: 707 West Commerce Street
MARKET: Dallas
ASSET TYPE: SFR ~ SF: 24,906
BROKERS: Yaakov Zar (@YJZar), Jack McMahon (@JackMcmahon27), Ross Reiffman, Andras Breuer - Lev Capital (@LevCapital)
LOAN AMOUNT: $5,375,000
LOAN TYPE: Construction
LOAN TERMS: 70% LTV, 5.83% Rate, Non- Recourse, Full Term IOView on map
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Address707 West Commerce Street
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