FINANCEDMultiFamily
Warren Hitchcock(NorthMarq) Secures Loan For MultiFamily Asset In Houston
1239 Bay Area BLVD, Houston, TX, 77...
Building Size
176,130 SF
Asset Type
MultiFamily
Closing
Feb 7, 2017
AI
The property located at 1239 Bay Area Blvd in Houston, TX is a MultiFamily asset. The transaction took place on 02/07/2017 involving a loan with an unknown life insurance company.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Address: 1239 Bay Area Blvd, Houston, TX, 77058
- Market: Houston
- Borrower's Rep: Warren Hitchcock(NorthMarq)
The borrower's representative for this transaction was Warren Hitchcock from NorthMarq.
Houston 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93