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Galium Capital Secures $70.7M Loan For Multifamily Property On Westheimer Rd In Houston

Property Image
FINANCED
$70,700,000

Texas

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MultiFamily26,304 SF
Financed 09/22/2021
the dealdetailscomps
Property Image
FINANCED

Galium Capital Secures $70.7M Loan For Multifamily Property On Westheimer Rd In Houston

4410 Westheimer Road, Houston, TX 77027, USA

See Similar Deals
MultiFamily26,304 SF
Financed 09/22/2021
the dealdetailscomps

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$2,687
Total Square Footage:26,304 SF
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: Ron Bonneau & Jacques Bessoudo DATE: 09/22/2021 ADDRESS: 4410 Westheimer Rd MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 340 ~ SF: 26,304 ~ ACRES: 6.3 LENDER: PCCP, LLC - Ron Bonneau LANDLORD: Galium Capital LOAN AMOUNT: $70,700,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$70,700,000.00

Monthly NOI$471,333.33
Monthly Debt Service$446,872.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00