• Assumable Fannie Mae Loan: The Newport is offered with an assumable Fannie Mae loan with an outstanding balance of approximately $3.6 million, a 4.08% fixed interest rate, and a September 2031 maturity. The Newport provides investors with an opportunity to benefit from an era of low interest rates, and a strong yielding asset following stabilization. Additional loan details are available in the data room. • Basis Reset: The Property is being offered at near ~95% LTV. The primary equity contributions towards this deal will be CapEx and closings costs. • Significant Upside: The Property offers a clear path to approximately $304K stabilized NOI in year 2, through occupancy recovery, expense normalization, and strategic capital improvements, creating a compelling value-add opportunity for investors to generate attractive risk-adjusted returns without relying on submarket tailwinds. • Irreplaceable Location: Situated at the highly visible corner of Live Oak Street and Collett Avenue, The Newport benefits from one of Old East Dallas' most established and rapidly evolving neighborhoods. Continued public and private investment, declining new apartment deliveries, and improving absorption fundamentals position the asset to benefit from long-term appreciation following a successful stabilization.