Updated Oct 28, 2024
Lynd Co. Refinances Multifamily Property In Humble With $37.8M Loan
200 Kellington Drive, Kingwood, TX, USA
$37,800,000
$96/SF
Building Size
392,395 SF
Asset Type
MultiFamily
Closing
Sep 16, 2021
About this deal
AI
Located at 200 Kellington Dr N in Humble, this multifamily property consists of 372 units. The property was recently involved in a loan transaction, with the landlord being LYND Co. and the lender being lument''>Lument represented by Marc Suarez. The loan amount for this refinance was $37,800,000, with a fixed interest rate and a three-year term.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,800,000
- Address: 200 Kellington Dr N, Humble
- Market: Humble
- Units: 372
- Landlord: LYND Co.
- Lender: Lument - Marc Suarez
- Loan Type: Refinance
- Loan Terms: Fixed interest rate and a three-year term
This transaction showcases the collaboration between LYND Co. as the property's landlord and Lument represented by Marc Suarez as the lender. The deal involved a refinance loan of $37,800,000, providing the landlord with the opportunity to take advantage of a fixed interest rate and a three-year term.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93