Updated Oct 28, 2024
Three Pillars Capital Group Refinances Multifamily Property In Houston For $46M
2501 Westridge Street, Houston, Texas 77054, United States
$46,000,000
Units
520
Asset Type
MultiFamily
Closing
Sep 19, 2022
About this deal
AI
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.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93