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Freddie Mac Provides $25.2 Million Loan For Waterstone At Cinco Ranch Multifamily In Katy
FINANCED
$25,200,000
Texas
See Similar DealsMultiFamily
Financed 01/08/2025
FINANCED
Freddie Mac Provides $25.2 Million Loan For Waterstone At Cinco Ranch Multifamily In Katy
6855 South Mason Road
See Similar DealsMultiFamily
Financed 01/08/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is Waterstone at Cinco Ranch, a multifamily apartment complex located at 6855 South Mason Road in Katy, Texas. The asset comprises a total of 206 units, highlighting its capacity as a sizable residential facility. The property has a loan amount of $25,200,000, which reflects its significant value in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,200,000
- Loan Terms: Seven-year, fixed-rate
- Lender: Freddie Mac
- Broker: Greg Duvall - NorthMarq
The financing was facilitated by Greg Duvall of NorthMarq, who originated the loan specifically for the refinancing of the property. The identity of the borrower involved in this transaction has not been disclosed.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,200,000.00
Monthly NOI$168,000.00
Monthly Debt Service$159,281.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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