Resia Acquires 573-Unit Multifamily Property In Houston With $96.5M Construction Loan
FINANCED
$96,500,000
Texas
See Similar DealsMultiFamily
FINANCED
Resia Acquires 573-Unit Multifamily Property In Houston With $96.5M Construction Loan
18036 Park Row Drive Houston, TX 77084
See Similar DealsMultiFamily
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 18036 Park Row Dr in Houston is the subject of a recent closed transaction. The property consists of 573 units and is part of the Houston market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $96,500,000
- Lender: Valley Bank, Santander, and Artemis Real Estate Partners
- Landlord: Resia - Carlos Gonzales
- Loan Type: Construction Loan
In this transaction, Valley Bank, along with Santander and Artemis Real Estate Partners, provided a construction loan of $96,500,000 for the property. The landlord, Resia, represented by Carlos Gonzales, was involved in the deal as well.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$96,500,000.00
Monthly NOI$643,333.33
Monthly Debt Service$609,945.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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