DC Partners And Michael Fleischer Acquire Development Site In Houston For $31M
FINANCED
$31,000,000
Texas
See Similar DealsDevelopment Site92,340 SF
Financed 12/18/2020
FINANCED
DC Partners And Michael Fleischer Acquire Development Site In Houston For $31M
4411 San Felipe Street, Houston, TX, USA
See Similar DealsDevelopment Site92,340 SF
Financed 12/18/2020
Summary
TEXAS
Asset Type:Development Site
Price Per Square Foot:$335
Total Square Footage:92,340 SF
Transaction Type:Loan
A construction loan of $31,000,000 was secured for a development site located at 4411 San Felipe Street in Houston. The loan was provided by 3650 REIT, with Jonathan Roth as the lender. The loan terms include a 30-month loan term.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $31,000,000
- Property Address: 4411 San Felipe Street, Houston
- Square Footage: 92,340 SF
- Market: Houston
The development site is managed by DC Partners, represented by Michael Fleischer and Shin Bowers. The loan was facilitated by Jonathan Roth from 3650 REIT.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,000,000.00
Monthly NOI$206,666.67
Monthly Debt Service$195,941.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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