Updated Oct 28, 2024
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
Stafford 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93