Olive Tree Holdings Acquires Multifamily Property In Houston For $49M Loan Provided By Greystone
14100 Rio Bonito Road, Houston, Texas 77083, United States
$49,032,200
Units
312
Asset Type
MultiFamily
Closing
Feb 14, 2022
AI
The multifamily property located at 14100 Rio Bonito Rd in Houston has been involved in a recent closed transaction. The property consists of 312 units and is owned by Olive Tree Holdings, led by Ian Bel. The loan for this transaction was provided by greystone''>Greystone, with Shana Daby representing the lending agency.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $49,032,200
- Address: 14100 Rio Bonito Rd
- Market: Houston
- Units: 312
Shana Daby, representing Greystone, facilitated the loan for the acquisition of the property. The loan is a non-recourse, fixed-rate loan with a term of 35 years.
Players
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93