Iron Hound Management Secures $160M Loan For Mixed-Use Property In Houston
3200 Kirby Dr, Houston, TX, 77098
$160,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 22, 2023
About this deal
AI
The mixed-use property located at 3200 Kirby Dr, Houston, TX, 77098 has been involved in a transaction where a loan amount of $160,000,000.00 was secured. The lender involved in this deal is TPG Real Estate Finance Trust, with Robert Vernicek and Robert Verrone from Iron Hound Management Company acting as the borrower's representatives.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $160,000,000.00
- Address: 3200 Kirby Dr, Houston, TX, 77098
- Market: Houston
- Borrower's Representatives: Robert Vernicek(), Robert Verrone(Iron Hound Management Company)
- Lender: TPG Real Estate Finance Trust
The key individuals involved in this transaction include Robert Vernicek and Robert Verrone, representing the borrower in the deal. Additionally, TPG Real Estate Finance Trust acted as the lender, facilitating the loan amount of $160,000,000.00 for the mixed-use property in Houston.
On the Map
$160,000,000
Mixed-use
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Players
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93