Legacy Multifamily Development And RISE Residential Construction Secure $28.9M Construction Loan For Fort Worth Residential Project | 8101 North Riverside Drive | Phil Melton, Jeff Bradley, Cindy Hamm | Co-Op | Loan

Summary

Loan

TEXAS

Co-Op

473,297 sqft

8101 North Riverside Drive in Fort Worth has been involved in a recent closed transaction. The residential property consists of 264 units and was the subject of a loan deal. Legacy Multifamily Development and RISE Residential Construction served as the landlords, while Bellwether Enterprise Real Estate Capital provided the loan.

Summary of transaction details

Property Type: Residential
Transaction Amount: $28,900,000
Address: 8101 North Riverside Drive
Market: Fort Worth
Units: 264

The brokers representing the loan deal were Phil Melton, Jeff Bradley, and Cindy Hamm from Bellwether Enterprise Real Estate Capital. They facilitated the loan agreement between the landlords and the lender. The loan, valued at $28,900,000, was a construction loan, allowing for the development or improvement of the residential property.

Players

All
3

Agents
3

Phil Melton

EVP, National Director of Affordable/FHA Production

Jeff Bradley

Senior Vice President

Cindy Hamm

Broker

Details

Deal Summary

FINANCED

IMAGE: Phil Melton & Jeff Bradley DATE: 03/18/2021 ADDRESS: 8101 North Riverside Drive MARKET: Fort Worth ASSET TYPE: Residential UNITS: 264 LANDLORD: Legacy Multifamily Development & RISE Residential Construction LENDER: Bellwether Enterprise Real Estate Capital BROKERS: Phil Melton, Jeff Bradley, & Cindy Hamm - Bellwether Enterprise Real Estate Capital LOAN AMOUNT: $28,900,000 LOAN TYPE: Construction Loan

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Address8101 North Riverside Drive

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