Updated Oct 28, 2024
Arbor Realty Trust Inc. Provides $30M Acquisition Loan For Houston Multifamily Property
505 Cypress Station Drive, Houston, TX 77090, USA
$30,000,000
$20,134/SF
Building Size
1,490 SF
Asset Type
MultiFamily
Closing
Apr 16, 2020
About this deal
AI
The multifamily property located at 505 Cypress Station Dr in Houston has been involved in a recent closed transaction. The property consists of 486 units and was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 505 Cypress Station Dr
- Market: Houston
- Units: 486
Arbor Realty Trust Inc., represented by Alexander Kaushansky, provided the acquisition loan for this transaction.
The multifamily loan at 505 Cypress Station Drive, Houston, TX 77090, USA in Houston, Texas financed for $30M in 2020. Reported inventory is 1,490 square feet across 486 units, or about 20.1K per square foot. This page is the Houston, Texas file for the 505 Cypress Station Drive, Houston, TX 77090, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else financed near 505 Cypress Station Drive, Houston, TX 77090, USA around 2020. Published consideration for 505 Cypress Station Drive, Houston, TX 77090, USA is $30M, dated 2020. Cite this Arbor Realty Trust Inc. Provides $30M Acquisition Loan For Houston Multifamily Property loan when underwriting similar multifamily product around Houston, Texas.
Players
Houston 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93