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10101 West Sam Houston Park...

Lightstone Capital Provides $14.75M Loan For Multifamily Property In Houston
FINANCEDMultiFamily

Lightstone Capital Provides $14.75M Loan For Multifamily Property In Houston

10101 West Sam Houston Parkway South, Houston, Texas 77099, United States

$14,750,000

$83,806/SF

Building Size

176 SF

Asset Type

MultiFamily

Closing

Apr 25, 2022

AI

10101 W. Sam Houston Parkway S in Houston has been involved in a recent closed property transaction. The asset is a multifamily property with a total of 176 units. The transaction took place on April 26, 2022, and the loan amount for the deal was $14,750,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,750,000
  • Address: 10101 W. Sam Houston Parkway S, Houston
  • Market: Houston
  • Units: 176

The loan for this property transaction was provided by Lightstone Capital, with Lance Wright and Eugene Rozovsky representing the lender. The broker involved in the deal was Jim Richards from CBRE.

Players

James Richards

CBRE

Broker

$14.8M

vol

1 deal

Broker

Lance Wright

Lightstone Group

Lender

$14.8M

vol

1 deal

Lender
Lightstone Group
Lightstone GroupLender

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93