Dwight Capital Provides $23.6M Loan For 264-Unit Multifamily Property In Montgomery
FINANCED
$23,600,000
Texas
See Similar DealsMultiFamily617 SF
Financed 04/28/2021
FINANCED
Dwight Capital Provides $23.6M Loan For 264-Unit Multifamily Property In Montgomery
19788 TX-105, Montgomery, TX, USA
See Similar DealsMultiFamily617 SF
Financed 04/28/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$38,249
Total Square Footage:617 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,600,000.00
Monthly NOI$157,333.33
Monthly Debt Service$149,168.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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