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200 Kellington Drive, Kingw...

Updated Oct 28, 2024

Lynd Co. Refinances Multifamily Property In Humble With $37.8M Loan
FINANCEDMultiFamily

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.

Players

Lument
LumentLender

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $96 per square foot on a published $37.8M for 392,395 square feet (2021).

Browse Houston multifamily loans on Traded.

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

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