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Lev Capital Arranges $5.4M Construction Loan For SFR Development In Dallas

Property Image
FINANCED
$5,375,000
Jack McMahon
Andras Breuer
Yaakov Zar
+ 1

Texas

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Single Family Residence24,906 SF
Financed 04/29/2022
the dealplayerscompscontact
Property Image
FINANCED

Lev Capital Arranges $5.4M Construction Loan For SFR Development In Dallas

707 West Commerce Street, Dallas, Texas 75208, United States

See Similar Deals
Single Family Residence24,906 SF
Financed 04/29/2022
Jack McMahon
Andras Breuer
Yaakov Zar
+ 1
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Single Family Residence
Price Per Square Foot:$215
Total Square Footage:24,906 SF
Transaction Type:Loan

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

Yaakov Zar
Lev
Yaakov Zar
34 deals$189.3M volume
BROKER
Ross Reiffman
Lev
Ross Reiffman
6 deals$60.9M volume
BROKER
Andras Breuer
Lev
Andras Breuer
6 deals$23.6M volume
BROKER
Jack McMahon
Lev
Jack McMahon
1 deal$5.4M volume
BROKER

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 IO

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,375,000.00

Monthly NOI$35,833.33
Monthly Debt Service$33,973.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00