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
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