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Matt Franke Of Northmarq Secures $10.5M Refinancing Loan For Industrial Property In Houston

Property Image
FINANCED
$10,500,000

Texas

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Industrial120,900 SF
Financed 09/20/2022
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Property Image
FINANCED

Matt Franke Of Northmarq Secures $10.5M Refinancing Loan For Industrial Property In Houston

6989 West Little York Road, Houston, Texas 77092, United States

See Similar Deals
Industrial120,900 SF
Financed 09/20/2022
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$86
Total Square Footage:120,900 SF
Transaction Type:Loan

Located at 6989-6999 W. Little York Rd. in Houston, this industrial property covers an area of approximately 120,900 square feet. The transaction involves a refinancing loan for the property.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,500,000

Matt Franke from Northmarq represented the parties involved in this deal. The loan obtained for the property amounted to $10,500,000 and was used for refinancing purposes.

Players

Matt Franke
NorthMarq
Matt Franke
4 deals$26.5M volume
BROKER

Details

FINANCED
IMAGE: Matt Franke DATE: 09/20/2022 ADDRESS: 6989-6999 W. Little York Rd. MARKET: Houston ASSET TYPE: Industrial ~ SF: 120,900 BROKER: Matt Franke - Northmarq (@Northmarq) LOAN AMOUNT: $10,500,000 LOAN TYPE: Refinancing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,500,000.00

Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00