Jonathan Zilber And Joel Chetner Of Meridian Capital Group Secure $71.8 Million Refinance Loan In Houston For Multifamily Asset
FINANCED
$60,000,000
Texas
See Similar DealsMultiFamily306,480 SF
Financed 08/14/2024
FINANCED
Jonathan Zilber And Joel Chetner Of Meridian Capital Group Secure $71.8 Million Refinance Loan In Houston For Multifamily Asset
MultiFamily306,480 SF
Financed 08/14/2024
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$195
Total Square Footage:306,480 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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