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Meridian Capital Facilitates $28.7M Acquisition Loan For 346-Unit Multifamily Property In Fort Worth

7040 John T White
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This MultiFamily property located in TX received a loan of $28,700,000 over 2 years ago. The brokers of the deal were Jonathan Zilber and Hannah Howard

The property involved in the transaction is a multifamily asset located at 7040 John T White in Fort Worth. It consists of 346 units and has a total square footage of 255,410. The building was constructed in 1985.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $28,700,000
  • Loan Type: Acquisition
  • Loan Term: 3.3% rate, 80% LTC

The loan for this acquisition was facilitated by Hannah Howard & Jonathan Zilber from the Meridian Capital Group. They represented the parties involved in the deal.

It's important to note that the loan amount of $28,700,000 was secured for the purchase of this multifamily property. The loan provided an 80% loan-to-cost ratio and has a 3.3% interest rate.

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Deals
  • Location
    7040 John T White Road, Fort Worth, TX 76120, USA7040 John T White Road, Fort Worth, TX 76120, USA
  • Loan Value
    $28,700,000$28,700,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jonathan Zilber

Jonathan Zilber

Deals17
Financed$609M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

LOAN IMAGE: Hannah Howard & Jonathan Zilber DATE: 09/27/2021 ADDRESS: 7040 John T White MARKET: Fort Worth ASSET TYPE: Multifamily ~ SF: 255,410 ~ UNITS: 346 BROKERS: Hannah Howard (@Broker_hannah_howard) & Jonathan Zilber - Meridian Capital Group LOAN AMOUNT: $28,700,000 LOAN TYPE: Acquisition LOAN TERM: 3.3% rate, 80% LTC NOTE: 346 units 1985 built

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7040 John T White

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