Mortgage lead for Commercial loan in Fort Worth, TX, 76133

Date Posted

3/31/2026 11:24:53 PM

Property at

Fort Worth, TX, 76133, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$13,500,000

Amount of Existing Loans

$5,750,000

Loan Request

$6,750,000

LTV

50 %

Credit Rating

780 or more

Loan Purpose

Refinance all

Purpose

We are seeking financing for the acquisition and repositioning of a 100-unit multifamily asset in Fort Worth, Texas known as The Nolan.

We are requesting a total loan of $6.75 MM, i

Structure:
• Interest-only
• No monthly payments during renovation (interest reserve in place)
• 12–24-month bridge term
• Exit via refinance
Property Overview
• Property Name: The Nolan
• Units: 100
• Year Built: 1968
• Current Occupancy: ~63%
• Located in Fort Worth, TX – established multifamily submarket
The asset is currently underperforming due to prior ownership distress, deferred maintenance, and below-market rents.
Valuation
• As-Is Value: ~$10.5MM
• Stabilized Value (ARV): ~$13.5MM
Financial Overview & Business Plan
Current Position
• Occupancy: ~63%
• Rents: Below market

Renovation Plan
• ~$1,000,000 renovation budget (Include in the loan amount )
• Interior upgrades + operational improvements

• Target Occupancy: ~88%
• Projected NOI: ~$875K+
• Cap Rate: ~6.5%
This supports the projected stabilized value of ~$13.5MM.
Leverage Metrics
• Loan-to-As-Is Value: ~65%
• Loan-to-Stabilized Value: ~50.75%
Borrower Profile
• Experienced real estate investor
• Portfolio includes 200+ multifamily units in Texas
• Proven track record in repositioning distressed assets

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Loan Request for Commercial loan in Fort Worth, TX, 76133