Eagle Property Capital Acquires 280-Unit Multifamily Property In Lewisville For $26.8M | 396 East Southwest Parkway | Mitch Sinberg, Brad Williamson | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

127,577 sqft

Eagle Property Capital, led by Gerardo Mahuad, has secured a loan amount of $26,798,000 for a multifamily property located at 396 E Southwest Pkwy in Lewisville. The property consists of 280 units and was part of a closed transaction.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $26,798,000
Address: 396 E Southwest Pkwy
Market: Lewisville
Units: 280

The loan, which was obtained on March 18, 2021, features a 10-year term and a floating interest rate. During the first five years, the loan will have interest-only payments.

Mitch Sinberg and Brad Williamson, representing Berkadia, served as the brokers for this transaction.

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Players

All
3

Agents
2
Agencies
1

Mitch Sinberg

Senior Managing Director

$421.6M Sold

Brad Williamson

Managing Director

$46.6M Sold

Details

Deal Summary

FINANCED

IMAGE: Mitch Sinberg & Brad Williamson DATE: 03/18/2021 ADDRESS: 396 E Southwest Pkwy MARKET: Lewisville ASSET TYPE: Multifamily UNITS: 280 LANDLORD: Eagle Property Capital - Gerardo Mahuad BROKERS: Mitch Sinberg & Brad Williamson - Berkadia LOAN AMOUNT: $26,798,000 LOAN TERMS: 10-year, floating rate loans with 5 years IO

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Address396 East Southwest Parkway

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