Marcus & Millichap Capital Corporation Arranges $6.15M Loan For Turtle Creek And Amigos Del Sol Multifamily Units In Houston And El Paso
FINANCED
$6,150,000
Texas
See Similar DealsMultiFamily
Financed 04/06/2022
FINANCED
Marcus & Millichap Capital Corporation Arranges $6.15M Loan For Turtle Creek And Amigos Del Sol Multifamily Units In Houston And El Paso
2800 West T C Jester Boulevard, Houston, Texas 77018, United States
See Similar DealsMultiFamily
Financed 04/06/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The closed property transaction involved a multifamily asset located at 2800 W T C Jester Blvd & 10009 Rushing Rd, in the markets of Houston and El Paso. The property consists of 147 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,150,000
- Loan Terms for Turtle Creek: A seven-year permanent loan with an interest rate of 3.43 percent and an interest-only term of two years
- Loan Terms for Amigos del Sol: A seven-year permanent loan with an interest rate of 3.53 percent and an interest-only term of two years
The deal was facilitated by Phillip Gause of Marcus & Millichap Capital Corporation.
Players
Details
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
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,150,000.00
Monthly NOI$41,000.00
Monthly Debt Service$38,872.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions