Updated Oct 29, 2024
PCCP LLC Provides $72M Financing For Industrial Portfolio In Houston
Houston, Texas, United States
$72,000,000
$101/SF
Building Size
711,399 SF
Asset Type
Industrial
Closing
Sep 27, 2022
About this deal
AI
An industrial portfolio located in Houston, spanning approximately 711,399 square feet, has recently undergone a financing transaction. The loan was secured by the property asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $72,000,000
- Market: Houston
- Address: Industrial Portfolio
- Lender: PCCP LLC
- Landlord: Fort Capital - Chris Powers
PCCP LLC provided a loan of $72,000,000 for the industrial portfolio in Houston. The financing arrangement was facilitated by Fort Capital, represented by Chris Powers.
The industrial loan at Houston, Texas, United States in Houston, Texas financed for $72M in 2022. The building is 711,399 square feet, implying about 101 per square foot on the published price. Fort Capital appears on the loan alongside Fort Capital. This page is the Houston, Texas file for the Houston, Texas, United States industrial financed: pricing, party profiles, and other closed industrial comps from the same Houston sit in the Market section below. Filter that Houston industrial set by closing date to see what else financed near Houston, Texas, United States around 2022. Published consideration for Houston, Texas, United States is $72M, dated 2022. Cite this PCCP LLC Provides $72M Financing For Industrial Portfolio In Houston loan when underwriting similar industrial product around Houston, Texas.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93