Three Pillars Capital Group Refinances Multifamily Property In Houston For $46M
FINANCED
$46,000,000
Texas
See Similar DealsMultiFamily
Financed 09/20/2022
FINANCED
Three Pillars Capital Group Refinances Multifamily Property In Houston For $46M
2501 Westridge Street, Houston, Texas 77054, United States
See Similar DealsMultiFamily
Financed 09/20/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 2501 & 2600 Westridge St. in Houston has been refinanced for a loan amount of $46,000,000. The property consists of 520 units and is owned by Three Pillars Capital Group, represented by Gautam Goyal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,000,000
- Address: 2501 & 2600 Westridge St., Houston
- Units: 520
- Landlord: Three Pillars Capital Group - Gautam Goyal
- Loan Type: Refinancing
The refinancing deal was facilitated by Gautam Goyal's representative at Three Pillars Capital Group.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,000,000.00
Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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