Momentum Multifamily Secures Freddie Mac Loan For The Henry At Liberty Hills In Houston
15330 Liberty River Drive, Houston, TX, USA
Building Size
1,512 SF
Asset Type
MultiFamily
Closing
Feb 10, 2021
AI
The Henry at Liberty Hills, a multifamily property located at 15330 Liberty River Drive in Houston, was involved in a recent transaction. The property is owned by Momentum Multifamily and the loan for the transaction was provided by Freddie Mac. The deal was brokered by Cutt Ableson and Colin Marusak of Berkadia.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 02/11/2021
- Address: 15330 Liberty River Drive, Houston
- Market: Houston
- Lender: Freddie Mac
- Broker: Cutt Ableson & Colin Marusak - Berkadia
Berkadia originated a Freddie Mac 10-year, floating rate loan for The Henry at Liberty Hills, along with a preferred equity investment.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93