Green Cow Productions, LLC Secures $1.75M Loan For Land In New Caney With Broker Leonard Smith - Mag Mile Capital
22853 Texas Highway 242, New Caney, Texas 77385, United States
$1,750,000
Building Size
—
Asset Type
—
Closing
Jun 12, 2022
About this deal
AI
Green Cow Productions, LLC has secured a loan of $1,750,000 for the purchase of a land property in New Caney. The property, located at 22853 SH 242, is a valuable asset in the market. The loan terms are set for 12 months with interest-only payments.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,750,000
- Date: 06/13/2022
- Market: New Caney
- Landlord: Green Cow Productions, LLC
Mag Mile Capital represented the buyer, Leonard Smith, in this transaction, acting as the broker. Leonard Smith facilitated the loan process as the representative of Green Cow Productions, LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93