Updated Dec 21, 2023
Madison Title Agency Facilitates $3.8M Loan For Multifamily Property In Houston
4015 Highway 90, Houston, TX, USA
$3,800,000
$5,170/SF
Building Size
735 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
About this deal
AI
The multifamily property at 4015 Highway 90 in Houston has recently undergone a transaction. The property consists of 64 units and is located in a desirable market. The deal was facilitated by Ben Savage of Madison Title Agency, who served as the broker representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 4015 Highway 90
- Market: Houston
- Units: 64
Ben Savage from Madison Title Agency played a crucial role in the transaction of this multifamily property. By representing the parties involved in the deal, Savage ensured a smooth process and successful outcome.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93