Railfield Partners Secures $17.9M Loan For Fort Worth Multifamily Property | 500 West Loop 820 South | Stuart Wernick | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

1,255 sqft

500 W. Loop 820 S. in Fort Worth has been acquired by Railfield Partners. The property is a multifamily asset consisting of 324 units. The transaction took place on 10/02/2020, with a loan amount of $17,850,000.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $17,850,000
Market: Fort Worth
Borrower: Railfield Partners
Loan Type: 10-year, floating-rate loan
Interest Terms: Full-term interest-only payments
Interest Rate: Below 2.5%

The loan for this property was brokered by Stuart Wernick and Matt Newton of Walker & Dunlop. The 10-year, floating-rate loan was structured with full-term interest-only payments at a rate below 2.5%.

Players

All
2

Agents
1
Agencies
1

Stuart Wernick

Managing Director

$79.3M Sold

Walker & Dunlop

Details

Deal Summary

FINANCED

IMAGE: Stuart Wernick & Matt Newton DATE: 10/02/2020 ADDRESS: 500 W. Loop 820 S. MARKET: Fort Worth ASSET TYPE: Multifamily UNITS: 324 BORROWER: Railfield Partners LOAN AMOUNT: $17,850,000 BROKERS: Stuart Wernick & Matt Newton - Walker & Dunlop NOTE: The 10-year, the floating-rate loan was structured with full-term interest-only payments at a rate below 2.5%.

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Address500 West Loop 820 South

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