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10421 Deerwood Road

Cantor Fitzgerald Secures $49.48 Million Loan From Freddie Mac For Multifamily Acquisition In Houston
FINANCEDMultiFamily

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:

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

William Weber

Newmark

Broker

$9.6B

vol

49 deals

Broker
Freddie Mac
Freddie MacLender

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