Eagle Property Capital Acquires 466-Unit Multifamily In Dallas With $49.6M Loan | 5930 Arapaho Road | Benefit Street Partners Realty | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

434,598 sqft

The multifamily property located at 5930 Arapaho Road in Dallas has been involved in a recent loan transaction. The property spans over 16 acres and consists of 466 units, making it a significant asset in the market.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $49,600,000
Address: 5930 Arapaho Road, Dallas
Market: Dallas
Acres: 16
Units: 466

The loan for this acquisition was provided by Benefit Street Partners, with Richard J. Byrne acting as the lender's representative. On the borrower's side, Eagle Property Capital, represented by Lawrence Kopping, secured the loan for the property.

The loan features a 30-year amortization schedule and a 10-year term, which includes a three-year interest-only period. The interest rate for the loan is set at 4.95 percent.

Players

All
1

Lenders
1

Benefit Street Partners Realty

Details

Deal Summary

FINANCED

IMAGE: Lawrence Kopping & Richard J. Byrne DATE: 11/19/2021 ADDRESS: 5930 Arapaho Road MARKET: Dallas ASSET TYPE: Multifamily ~ ACRES: 16 ~ UNITS: 466 LENDER: Benefit Street Partners - Richard J. Byrne BORROWER: Eagle Property Capital - Lawrence Kopping LOAN AMOUNT: $49,600,000 LOAN TYPE: Acquisition LOAN TERMS: 30-year amortization schedule, 10-year term including a three-year interest only period and a 4.95 percent interest rate.

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Address5930 Arapaho Road

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