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11107 West Airport Boulevar...

Updated Oct 28, 2024

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

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

11107 West Airport Boulevard, Stafford, TX 77477

$118,000,000

Units

931

Asset Type

MultiFamily

Closing

Jan 21, 2022

About this deal

AI

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

Natixis
NatixisLender

Stafford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $126.7K per unit across 931 units on a published $118M (2022).

Browse Texas multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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