Updated Oct 28, 2024
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
About this deal
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.
The multifamily loan at 1201 Harvey Road, College Station, TX 77840, USA in College Station, Texas financed for $20.7M in 2021. The building is 816,619 square feet, implying about 25 per square foot on the published price. Named participants on the 1201 Harvey Road, College Station, TX 77840, USA loan are Peter Stobierski, Cooper Ramsey. This page is the College Station, Texas file for the 1201 Harvey Road, College Station, TX 77840, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same College Station sit in the Market section below. Filter that College Station multifamily set by closing date to see what else financed near 1201 Harvey Road, College Station, TX 77840, USA around 2021. Published consideration for 1201 Harvey Road, College Station, TX 77840, USA is $20.7M, dated 2021. Cite this Capital One Provides $20.7M Bridge Loan For Multifamily Property At 1201 Harvey Rd, College Station loan when underwriting similar multifamily product around College Station, Texas.
Players
College Station 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93