Updated Mar 17, 2025
Sovereign Properties Acquires Multifamily Property In Downtown Houston For $49M
101 Crawford St, Houston, TX, USA
$49,000,000
$6,163/SF
Building Size
7,950 SF
Asset Type
MultiFamily
Closing
Feb 1, 1920
About this deal
AI
The loan transaction involving a multifamily property at 101 Crawford St in Downtown Houston has been completed. The borrower, Sovereign Properties represented by Russ Krivor, secured a loan of $49,000,000 from the lender ACRES Capital Corp, represented by Mark Fogel.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Address: 101 Crawford St, Houston
- Market: Downtown Houston
Mark Fogel from ACRES Capital Corp provided the loan to Sovereign Properties, represented by Russ Krivor, for the multifamily property located at 101 Crawford St in Downtown Houston. This loan transaction took place on February 2, 2020.
On the Map
$49,000,000
$6,163/SF
MultiFamily
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Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93