Abundance Equity Partners Acquires Multifamily Property In Arlington For $27.68M | 2020 Cedar Point Drive | Ford Braly, Al Silva, John Brickson | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

196,301 sqft

The transaction involves a multifamily property located at 2020 Cedar Point Dr in Arlington. The property was sold by Exponential Property Group to Abundance Equity Partners. The deal was facilitated by brokers John Brickson from Old Capital and Al Silva & Ford Braly from Marcus & Millichap.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $27,680,000
Loan Amount: $27,680,000
Loan Type: Bridge
Loan Terms: 80% LTC / 3.25% Interest Rate

The loan obtained for the transaction was a bridge loan with a loan amount of $27,680,000. The loan terms included 80% Loan-to-Cost (LTC) and an interest rate of 3.25%.

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Players

All
4

Agents
3
Agencies
1

Ford Braly

First Vice President Investments

$561.9M Sold

Al Silva

Senior Managing Director Investments

$561.9M Sold

John Brickson

Senior Director

Details

Deal Summary

FINANCED

IMAGE: John Brickson, Al Silva & Ford Braly DATE: 09/30/2021 ADDRESS: 2020 Cedar Point Dr MARKET: Arlington ASSET TYPE: Multifamily Seller: Exponential Property Group Buyer: Abundance Equity Partners Brokers: John Brickson (Debt – Old Capital) Al Silva & Ford Braly (Marcus & Millichap) LOAN AMOUNT: $27,680,000 LOAN TYPE: Bridge LOAN TERMS: 80% LTC / 3.25% Interest Rate

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Address2020 Cedar Point Drive

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