FINANCEDMultiFamily
Capital One Provides $20.7M Bridge Loan For Multifamily Property At 1201 Harvey Rd, College Station
1201 Harvey Road, College Station, TX 77840, USA
$20,700,000
$25/SF
Building Size
816,619 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
AI
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.
Players
College Station MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93