Updated Oct 29, 2024
Madera Residential Acquires 270-Unit Multifamily Property In Houston With $30M Loan From PCCP, LLC
4139 Bellaire Boulevard, Houston, TX, USA
$30,000,000
$21,834/SF
Building Size
1,374 SF
Asset Type
MultiFamily
Closing
Apr 19, 2021
About this deal
AI
The multifamily property located at 4139 Bellaire Boulevard in Houston was involved in a recent transaction. The property consists of 270 units and is owned by Madera Residential, represented by Dave Gilles and Jeff Lowry. The loan for the transaction was provided by PCCP, LLC, with Ron Bonneau as the lender. The loan amount was $30,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 4139 Bellaire Boulevard
- Market: Houston
- Units: 270
- Landlord: Madera Residential - Dave Gilles & Jeff Lowry
- Lender: PCCP, LLC - Ron Bonneau
The individuals involved in the transaction include Dave Gilles and Jeff Lowry from Madera Residential, who represent the landlord, and Ron Bonneau from PCCP, LLC, who serves as the lender. This transaction highlights the ongoing activity in the multifamily market in Houston.
On the Map
$30,000,000
$21,834/SF
MultiFamily
View full map
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Dave Gilles to view all their deals.
Browse Texas multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93