Lev Capital Arranges $5.4M Construction Loan For SFR Development In Dallas
707 West Commerce Street, Dallas, Texas 75208, United States
$5,375,000
$215/SF
Building Size
24,906 SF
Asset Type
Single Family Residence
Closing
Apr 28, 2022
AI
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
Dallas Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93