LMF Commercial Provides $5.65M Refinance Loan For Industrial Asset In Katy Texas
$5,650,000
$152/SF
Building Size
37,168 SF
Asset Type
Industrial
Closing
Jul 20, 2025
AI
The transaction involves an industrial asset located in Katy, TX, encompassing a total square footage of 37,168. The loan amount secured for this property is $5,650,000, with a refinance loan type categorized under CMBS for a duration of 10 years, featuring a full term interest-only option.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,650,000
- Loan Type: Refinance
- Loan Terms: CMBS- 10 Year, FTIO
- Lender: LMF Commercial
- Loan Originator: Nihad Choudhury (NihadChy)
- Market: Katy, TX
The key participants in this transaction include LMF Commercial as the lender, represented by Nihad Choudhury. Their involvement highlights essential roles in facilitating the financial aspects of the deal.
Players
Market 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93