Saudi Economic And Development Co. And Madison Marquette Acquire Seniors Housing In The Woodlands, Houston For $54.4M
FINANCED
$54,400,000
Texas
See Similar DealsFinanced 03/24/2022
FINANCED
Saudi Economic And Development Co. And Madison Marquette Acquire Seniors Housing In The Woodlands, Houston For $54.4M
2323 Lake Robbins Dr, The Woodlands, TX 77380, United States
See Similar DealsFinanced 03/24/2022
Summary
TEXAS
Transaction Type:Loan
The Woodlands, Houston has seen a recent closed property transaction involving a seniors housing asset. The property, located at 2323 Lake Robbins Drive, sits on 2.7 acres and consists of 207 units. The deal was facilitated by CBRE brokers Aron Will, Austin Sacco, and Tim Root. The landlords in this transaction were Saudi Economic and Development Co. and Madison Marquette.
Summary of transaction details:
- Property Type: Seniors Housing
- Transaction Amount: $54,400,000
- Loan Terms: three-year, nonrecourse loan with a floating interest rate
The loan for this property amounted to $54,400,000 and carried a floating interest rate. The terms of the loan were set for three years and had nonrecourse provisions. Aron Will, Austin Sacco, and Tim Root, representing CBRE, played a pivotal role in securing this loan for the seniors housing asset in The Woodlands, Houston.
Players
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$54,400,000.00
Monthly NOI$362,666.67
Monthly Debt Service$343,845.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions