Updated Oct 28, 2024
Galium Capital Secures $70.7M Loan For Multifamily Property On Westheimer Rd In Houston
4410 Westheimer Road, Houston, TX 77027, USA
$70,700,000
$2,687/SF
Building Size
26,304 SF
Asset Type
MultiFamily
Closing
Sep 22, 2021
About this deal
AI
The multifamily property located at 4410 Westheimer Rd in Houston has been involved in a recent transaction. The property comprises 340 units and spans approximately 26,304 square feet across 6.3 acres. The deal took place on September 22, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,700,000
- Lender: PCCP, LLC - Ron Bonneau
- Landlord: Galium Capital
The lender, PCCP, LLC, represented by Ron Bonneau, provided a loan amount of $70,700,000 for the acquisition of the property. Galium Capital, as the landlord, was involved in the transaction as well.
Players
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Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93