Daily limit: 0/10
Freddie Mac Provides $43.4M Refinance Loan For 300-Unit Multifamily In Pearland, TX
FINANCED
$43,400,000
Texas
See Similar DealsMultiFamily
Financed 01/09/2025
FINANCED
Freddie Mac Provides $43.4M Refinance Loan For 300-Unit Multifamily In Pearland, TX
12501 West Broadway Street
See Similar DealsMultiFamily
Financed 01/09/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is Avenues at Shadow Creek Ranch, a multi-family apartment complex consisting of 300 units. It is located at 12501 West Broadway Street in Pearland, Texas. The loan amount secured for refinancing this asset is $43,400,000, specifically structured as a seven-year, fixed-rate loan.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $43,400,000
- Address: 12501 West Broadway Street
- Market: Pearland
- Lender: Freddie Mac
- Broker: Greg Duvall - NorthMarq
- Loan Type: Refinance
- Loan Terms: seven-year, fixed-rate loan
Greg Duvall, representing NorthMarq, facilitated the refinancing of the property through Freddie Mac. The identity of the borrower has not been disclosed in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,400,000.00
Monthly NOI$289,333.33
Monthly Debt Service$274,317.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions