Updated Dec 4, 2024
Jonathan Zilber And Joel Chetner Of Meridian Capital Group Secure $71.8 Million Refinance Loan In Houston For Multifamily Asset
$60,000,000
$195/SF
Building Size
306,480 SF
Asset Type
MultiFamily
Closing
Aug 14, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located in the Houston market. The loan amount secured for this asset is $71,800,000, with the purpose of refinancing the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $71,800,000
- Loan Type: Refinance
- Date: 08/14/2024
- Brokers: Jonathan Zilber & Joel Chetner - Meridian Capital Group
The key individuals involved in this transaction are Jonathan Zilber and Joel Chetner, who represent Meridian Capital Group. They facilitated the refinancing process for the multifamily property in the Houston market.
Players
Market 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93