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MVAH Partners LLC Secures $39.6M Placement Loan For Multifamily Property In Plano

1404 Vontress Street
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This MultiFamily property located in TX received a loan of $39,600,000 about 2 years ago.

The multifamily property located at 1404 Vontress Street in Plano has recently been involved in a closed transaction. This property consists of 226 units and is owned by MVAH Partners LLC.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $39,600,000
  • Address: 1404 Vontress Street, Plano
  • Market: Plano
  • Lender: keybank-''>KeyBank Community Development Lending and Investment (CDLI) - David Lacki & Alton Tinker
  • Loan Type: Placement Loan

In this transaction, KeyBank Community Development Lending and Investment (CDLI), represented by David Lacki and Alton Tinker, provided a placement loan of $39,600,000 to the property owners, MVAH Partners LLC.

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Deals
  • Location
    1404 Vontress St, Plano, TX 750741404 Vontress St, Plano, TX 75074
  • Loan Value
    $39,600,000$39,600,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

KeyBank

KeyBank

Lender
Deals37
Volume$ 23.4B

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Deal Summary

LOAN IMAGE: Brian McGeady & Michael Riechman DATE: 01/24/2022 ADDRESS: 1404 Vontress Street MARKET: Plano ASSET TYPE: Multifamily ~ UNITS: 226 LENDER: KeyBank Community Development Lending and Investment (CDLI) - David Lacki & Alton Tinker LANDLORD: MVAH Partners LLC LOAN AMOUNT: $39,600,000 LOAN TYPE: Placement Loan

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