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Claridge Properties Acquires Multifamily Property In Houston For $11.7M With Lev Capital As Brokers

Property Image
FINANCED
$11,700,000
Max Lipner
Yaakov Zar

Texas

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MultiFamily267,080 SF
Financed 04/17/2022
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Property Image
FINANCED

Claridge Properties Acquires Multifamily Property In Houston For $11.7M With Lev Capital As Brokers

333 Uvalde Road, Houston, Texas 77015, United States

See Similar Deals
MultiFamily267,080 SF
Financed 04/17/2022
Max Lipner
Yaakov Zar
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$43
Total Square Footage:267,080 SF
Transaction Type:Loan

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

Yaakov Zar
Lev
Yaakov Zar
34 deals$189.3M volume
BROKER
Max Lipner
Parallel CRE
Max Lipner
6 deals$120.9M volume
BROKER
CP
Claridge Properties
LANDLORD

Details

FINANCED
IMAGE: Justin Piasecki, Richard Sutton, Max Lipner & Yaakov Zar DATE: 04/18/2022 ADDRESS: 333 Uvalde Rd MARKET: Houston ASSET TYPE: Multifamily ~ SF: 267,080 LANDLORD: Claridge Properties - Ricardo C. Pagan BROKERS: Justin Piasecki, Richard Sutton (@Rich_Sutt), Max Lipner (@Maxyl) & Yaakov Zar - Lev Capital (@LevCapital) LOAN AMOUNT: $11,700,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,700,000.00

Monthly NOI$78,000.00
Monthly Debt Service$73,951.96
Change in Cash Flow$0.00
Refinance Proceeds$0.00