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

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FINANCED
$14,750,000

Texas

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MultiFamily176 SF
Financed 04/26/2022
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FINANCED

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

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

See Similar Deals
MultiFamily176 SF
Financed 04/26/2022
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$83,806
Total Square Footage:176 SF
Transaction Type:Loan

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 "Jim" Richards
1 deal$14.8M volume
BROKER

LENDER


Details

FINANCED
IMAGE: Jim Richards DATE: 04/26/2022 ADDRESS: 10101 W. Sam Houston Parkway S MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 176 LENDER: Lightstone Capital - Lance Wright & Eugene Rozovsky BROKER: Jim Richards - CBRE (@Cbre) LOAN AMOUNT: $14,750,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,750,000.00

Monthly NOI$98,333.33
Monthly Debt Service$93,230.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00