Lone Star Capital Acquires Seabrook Multifamily With $26.25M Loan
4601 NASA Parkway, Seabrook, TX 77586
$26,250,000
$95/SF
Building Size
273,816 SF
Asset Type
MultiFamily
Closing
Dec 21, 2021
AI
A multifamily property located at 4601 Nasa Parkway in Seabrook, TX has been acquired. The property spans approximately 273,816 square feet and consists of 296 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,250,000
- Market: Seabrook, TX
The acquisition loan for this property was provided by Castellan Capital for a total of $26,250,000. The loan has a term of 24 months and is specifically for the purpose of acquisition. The deal was brokered by Nate Lowy from Juniper Capital Group, representing the buyer, Lone Star Capital. The closing of the loan took place in just 10 days, showcasing the efficiency of the transaction.
Players
Seabrook MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93