Capital One Provides $20.7M Bridge Loan For Multifamily Property At 1201 Harvey Rd, College Station
FINANCED
$20,700,000
Texas
See Similar DealsMultiFamily816,619 SF
Financed 11/16/2021
FINANCED
Capital One Provides $20.7M Bridge Loan For Multifamily Property At 1201 Harvey Rd, College Station
1201 Harvey Road, College Station, TX 77840, USA
See Similar DealsMultiFamily816,619 SF
Financed 11/16/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$25
Total Square Footage:816,619 SF
Transaction Type:Loan
The multifamily property located at 1201 Harvey Rd in College Station has been involved in a recent transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $20,700,000
- Date: 11/16/2021
- Lender: Capital One
- Landlord: PRC
- Brokers: Cooper Ramsey & Peter Stobierski - TrueRate Services
The loan for this transaction was provided by Capital One. The bridge loan amount was $20,700,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,700,000.00
Monthly NOI$138,000.00
Monthly Debt Service$130,838.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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