Updated Mar 11, 2025
Facilitates $30.6M Bridge Loan For Multifamily Portfolio In Beaumont & Jasper
6120 Folsom Drive, 5740 Northwest Pkwy & 130 Rosewood Drive, Jasper
$30,615,000
Units
472
Asset Type
MultiFamily
Closing
Apr 8, 2024
About this deal
AI
The multifamily property, consisting of 472 units, located at 6120 Folsom Drive, 5740 Northwest Parkway, and 130 Rosewood Drive in Beaumont and Jasper, was involved in a recent transaction. The property secured a bridge loan amounting to $30,615,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,615,000
- Address: 6120 Folsom Drive, 5740 Northwest Parkway & 130 Rosewood Drive
- Market: Beaumont & Jasper
- Asset Type: Multifamily
- Units: 472
- Brokers: Michael Yassky & Aaron Kurlansky -
- Loan Type: Bridge Loan
Michael Yassky and Aaron Kurlansky from represented the parties involved in securing the bridge loan for the multifamily property transaction.
Players
Beaumont 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93