Updated Oct 28, 2024
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
About this deal
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.
The multifamily loan at 19788 TX-105, Montgomery, TX, USA in Cleveland, Texas financed for $23.6M in 2021. Reported inventory is 617 square feet across 264 units, or about 38.2K per square foot. Named participants on the 19788 TX-105, Montgomery, TX, USA loan are Brian Yee. This page is the Cleveland, Texas file for the 19788 TX-105, Montgomery, TX, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Cleveland sit in the Market section below. Filter that Cleveland multifamily set by closing date to see what else financed near 19788 TX-105, Montgomery, TX, USA around 2021. Published consideration for 19788 TX-105, Montgomery, TX, USA is $23.6M, dated 2021. Cite this Dwight Capital Provides $23.6M Loan For 264-Unit Multifamily Property In Montgomery loan when underwriting similar multifamily product around Cleveland, Texas.
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