Olive Tree Holdings Acquires Multifamily Property In Houston For $49M Loan Provided By Greystone
FINANCED
$49,032,200
Texas
See Similar DealsMultiFamily
Financed 02/15/2022
FINANCED
Olive Tree Holdings Acquires Multifamily Property In Houston For $49M Loan Provided By Greystone
14100 Rio Bonito Road, Houston, Texas 77083, United States
See Similar DealsMultiFamily
Financed 02/15/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$49,032,200.00
Monthly NOI$326,881.33
Monthly Debt Service$309,916.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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