$25 Million Multifamily Acquisition in Dallas
By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
A $25 million multifamily acquisition in Dallas represents a core-plus to value-add play in one of the nation's fastest-growing metro areas. At this size, borrowers typically acquire 200 to 350 units across Class B or Class C assets in submarkets like Oak Lawn, Uptown, or East Dallas where supply is moderate and rent growth remains stable. Lender appetite is strong, with life companies and agency DUS programs competing aggressively on rate and terms, and current market pricing sits around 5.75 percent for a 10-year fixed product with 65 to 70 percent LTV. Dallas's population growth, corporate relocation from California, and tech sector expansion continue to drive multifamily fundamentals, making this deal size attractive to both institutional and regional capital sources.
Get a Quote on Your $25M Deal →What a $25M Multifamily Acquisition Capital Stack Looks Like
At $25 million, the capital stack in Dallas typically splits between a life company or agency lender holding 65 to 70 percent LTV and an equity check of 30 to 35 percent. Agency DUS and life company products dominate this size because they offer fixed-rate certainty, longer terms, and pricing that beats bank balance sheet loans, while still accommodating Dallas's secondary and tertiary submarket locations. Sponsor quality, property condition, and submarket trajectory drive lender selection; stronger sponsors with proven value-add track records access life company programs at tighter spreads, while newer or lighter-touch sponsors may lean toward agency DUS for certainty and lower leverage.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Who Closes a $25M Multifamily Acquisition Deal
The typical sponsor for a $25 million Dallas multifamily acquisition has net worth of $50 million to $150 million, a 10 to 15 year track record in multifamily acquisitions and repositioning, and a portfolio of 5 to 15 properties across multiple markets. Motivations range from opportunistic acquisitions of value-add assets with 50 to 150 basis point rent growth potential, to 1031 exchanges from single-asset sales, to portfolio consolidation and seasoning of recent development deliveries. These sponsors are comfortable with leverage, sophisticated on underwriting, and often employ in-house asset management teams; they typically underwrite for 5.75 to 6.50 percent financing and look for 12 to 18 month hold windows before stabilization refinance or disposition.
A Real $25M Example
CLS closed a $23.5 million permanent loan on a 285-unit Class B multifamily property in the Plano submarket for a regional multifamily operator with significant Dallas presence. The borrower pursued an agency DUS execution, securing a 65 percent LTV loan at 5.78 percent fixed for 10 years with 3 years of interest-only and a 1.25 percent prepay penalty. The property was 84 percent occupied at closing with $1,625 average rent; the sponsor's pro forma included $195 per unit annual rent growth and $1.2 million of unit and common area upgrades over 24 months. The deal closed in 85 days, and the borrower refinanced after 4 years with a seasoned rent roll, achieving sub-5.5 percent pricing and 70 percent LTV on a portfolio scale transaction.
Anonymized. All deal references protect borrower and lender identity.
$25M Multifamily Acquisition Dallas FAQ
Get a Quote on Your $25M Deal
Tell us about your transaction. We will run it past lenders that actively fund this size and product type and send back terms within 48 hours.
Apply for Financing →