Lument Provides $34.7M Loan For Multifamily Acquisition In Duncanville, Dallas

A 122-unit multifamily property located at 600 Wembley Cir in Duncanville, Dallas has been recently involved in a closed transaction. The property spans across 9 acres and was acquired through an acquisition loan. The transaction was facilitated by lument''>Lument, with Michael Curland representing the lending institution.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,700,000
• Address: 600 Wembley Cir, Duncanville, Dallas
• Market: Duncanville, Dallas
• Acres: 9
• Units: 122

As part of the acquisition loan, the borrower secured a financing of $34,700,000. The loan is structured as a 10-year term with a fixed interest rate. The amortization schedule spans over a 30-year period, with the first five years allowing for interest-only payments.