FINANCED
Meridian Capital Facilitates $28.7M Acquisition Loan For 346-Unit Multifamily Property In Fort Worth
7040 John T White
MultiFamily
255,410 SF
255,410 SF
Financed 1 year ago
Summary
Loan
TEXAS
MultiFamily
255,410 sqft
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.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
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 builtView on map
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Address7040 John T White
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