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Natixis Provides $118M Floating-Rate Acquisition Loan For Multifamily Property In Stafford

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FINANCED
$118,000,000

Texas

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MultiFamily
Financed 01/21/2022
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FINANCED

Natixis Provides $118M Floating-Rate Acquisition Loan For Multifamily Property In Stafford

11107 West Airport Boulevard, Stafford, TX 77477

See Similar Deals
MultiFamily
Financed 01/21/2022
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

In a recent closed transaction, a multifamily property located at 11107 & 11101 W. Airport Boulevard in Stafford was acquired. The property consists of 931 units and is situated in the local market. The acquisition of this property was made possible through an acquisition loan provided by natixis''>Natixis. The loan amount for this transaction was $118,000,000. The loan terms for this transaction were floating-rate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $118,000,000
  • Address: 11107 & 11101 W. Airport Boulevard
  • Market: Stafford
  • Units: 931

William Chen from Natixis represented the lender in this transaction. The landlord for this property is Hudson Advisors. The acquisition loan provided by Natixis played a crucial role in facilitating this transaction, allowing the acquisition of the multifamily property in Stafford.

Players

LENDER

Details

FINANCED
IMAGE: 01/21/2022 ADDRESS: 11107 & 11101 W. Airport Boulevard MARKET: Stafford ASSET TYPE: Multifamily ~ UNITS: 931 LENDER: Natixis - William Chen LANDLORD: Hudson Advisors LOAN AMOUNT: $118,000,000 LOAN TYPE: Acquisition Loan LOAN TERMS: floating-rate loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$118,000,000.00

Monthly NOI$786,666.67
Monthly Debt Service$745,840.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00