Updated Apr 3, 2025
Hunington Properties Acquires Multifamily Property In Houston With $60.5M Construction Loan
18210 Park Row, Houston, Texas 77084, United States
$60,500,000
Units
363
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 18210 Park Row in Houston. It consists of 363 units. The loan for this property was provided by 3650 REIT, and the landlord is Hunington Properties, represented by Sandy Aron. The loan amount for this transaction is $60,500,000, and it is a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $60,500,000
- Address: 18210 Park Row
- Market: Houston
- Loan Type: Construction Loan
Sandy Aron, from Hunington Properties, acted as the representative for the landlord in this deal.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93