Updated Mar 11, 2025
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
About this deal
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.
Traded’s record for 1239 Bay Area BLVD, Houston, TX, 77... in Houston, Texas covers a multifamily loan from 2017. The building is 176,130 square feet, implying about 0 per square foot on the published price. Warren Hitchcock, NorthMarq appear on the loan alongside NorthMarq. This page is the Houston, Texas file for the 1239 Bay Area BLVD, Houston, TX, 77... multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else financed near 1239 Bay Area BLVD, Houston, TX, 77... around 2017. Cite this Warren Hitchcock(NorthMarq) Secures Loan For MultiFamily Asset In Houston loan when underwriting similar multifamily product around Houston, Texas.
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