FINANCEDMultiFamily
Dwight Capital Provides $23.6M Loan For 264-Unit Multifamily Property In Montgomery
19788 TX-105, Montgomery, TX, USA
$23,600,000
$38,249/SF
Building Size
617 SF
Asset Type
MultiFamily
Closing
Apr 27, 2021
AI
A multifamily property located at 19788 TX-105 in Montgomery has been recently involved in a closed transaction. The property consists of 264 units and has undergone a loan process.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,600,000
- Address: 19788 TX-105, Montgomery
- Market: Montgomery
- Units: 264
The loan for this transaction was provided by Dwight Capital, with Brian Yee representing the lender. The loan amount was $23,600,000.
Players
Cleveland 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93