Claridge Properties Acquires Multifamily Property In Houston For $11.7M With Lev Capital As Brokers
333 Uvalde Road, Houston, Texas 77015, United States
$11,700,000
$43/SF
Building Size
267,080 SF
Asset Type
MultiFamily
Closing
Apr 17, 2022
AI
The multifamily property located at 333 Uvalde Rd in Houston was involved in a closed transaction. The property spans approximately 267,080 square feet and is owned by Claridge Properties with Ricardo C. Pagan as the landlord.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,700,000
- Loan Type: Bridge
The brokers involved in this deal were Justin Piasecki, Richard Sutton, Max Lipner, and Yaakov Zar from Lev Capital. They represented the buyer in securing a bridge loan of $11,700,000 for the transaction.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93