TruePoint Capital Secures $5.25M Loan For Houston Multifamily Property With Electra Capital - Samuel J. Greenblatt
FINANCED
$5,250,000
Texas
See Similar DealsMultiFamily413,890 SF
Financed 11/01/2021
FINANCED
TruePoint Capital Secures $5.25M Loan For Houston Multifamily Property With Electra Capital - Samuel J. Greenblatt
2310 Crescent Park Drive, Houston, TX 77077
See Similar DealsMultiFamily413,890 SF
Financed 11/01/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$12
Total Square Footage:413,890 SF
Transaction Type:Loan
An undisclosed multifamily property located at 2310 Crescent Park Drive in Houston has been involved in a recent transaction. The property consists of 436 units and was sold for a loan amount of $5,250,000. The deal occurred on November 1, 2021, with TruePoint Capital as the borrower and Electra Capital, represented by Samuel J. Greenblatt, as the lender.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Address: 2310 Crescent Park Drive
- Market: Houston
- Units: 436
Samuel J. Greenblatt, representing Electra Capital, facilitated the loan for this transaction, while TruePoint Capital served as the borrower. Additional information about the property, such as its square footage or market value, was not provided.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,250,000.00
Monthly NOI$35,000.00
Monthly Debt Service$33,183.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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