facebook
Traded Co logo
Submit

Civicap Partners Acquires Multifamily Property In Houston For $61.7M

Property Image
FINANCED
$61,700,000

Texas

See Similar Deals
MultiFamily
Financed 09/28/2022
the dealplayerscompscontact
Property Image
FINANCED

Civicap Partners Acquires Multifamily Property In Houston For $61.7M

2350 Bagby Street

See Similar Deals
MultiFamily
Financed 09/28/2022
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 2350 Bagby St. in Houston has recently been involved in a closed transaction. The property spans across 5 acres and consists of 419 units. The transaction took place on 09/28/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $61,700,000
  • Address: 2350 Bagby St.
  • Market: Houston
  • Units: 419
  • Acres: 5

Civicap Partners acted as the landlord in the transaction, while AllianceBernstein and Merion Realty Partners were the sellers. Newmark served as the broker in the deal.

Players

Newmark
Newmark
BROKERAGE
AllianceBernstein
AllianceBernstein
SELLER
MP
Merion Realty Partners
SELLER
AllianceBernstein
AllianceBernstein
LENDER
Civicap Partners
Civicap Partners
LANDLORD

Details

FINANCED
IMAGE: Barry M. Gosin DATE: 09/28/2022 ADDRESS: 2350 Bagby St. MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 419 ~ ACRES: 5 LANDLORD: Civicap Partners SELLER: AllianceBernstein (@AllianceBernstein) & Merion Realty Partners BROKERS: Newmark (@Newmark) LOAN AMOUNT: $61,700,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$61,700,000.00

Monthly NOI$411,333.33
Monthly Debt Service$389,985.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00