Cantor Fitzgerald Secures $49.48 Million Loan From Freddie Mac For Multifamily Acquisition In Houston
10421 Deerwood Road
$49,477,000
$329/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
Aug 30, 2024
AI
The property asset involved in the transaction is located at 10421 Deerwood Road in Houston, featuring a multifamily asset type with 330 units. The loan amount secured for the acquisition is $49,477,000. The financing is structured with a 10-year term, featuring a full term interest-only component and an all-in rate of 5.03%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $49,477,000
- Market: Houston
- Lender: Freddie Mac
- Landlord: Cantor Fitzgerald
- Brokers: Matthew Mense, Ari Schwartzbard, Henry Stimler, William Weber, Ricky Warner & Daniel Sarsfield - Newmark
- Loan Type: Acquisition
- Loan Terms: 10yr Term | Full Term IO | 5.03% All-in Rate
The deal involved multiple key individuals and their respective brokerage firms, with representation provided by Matthew Mense, Ari Schwartzbard, Henry Stimler, William Weber, Ricky Warner, and Daniel Sarsfield from Newmark, acting on behalf of the landlord, Cantor Fitzgerald. This collaboration highlights the engagement of experienced professionals in the multifamily property market.
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