Updated Mar 11, 2025
Colliers Mortgage Provides $5.8M Loan For 311-Unit Multifamily Property In Conroe
800 Bellshire Drive, Conroe, TX 77301
$5,800,000
$17/SF
Building Size
337,894 SF
Asset Type
MultiFamily
Closing
Jul 16, 2020
About this deal
AI
Merced-Bellshire LLC has secured a $5,800,000 loan from Colliers Mortgage for the acquisition of a multifamily property located at 800 Bellshire Dr in Conroe. The property consists of 311 units and the loan has a term of 10 years.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 800 Bellshire Dr
- Market: Conroe
- Units: 311
David Juran captured the essence of the property in an image shared on Instagram. The loan was facilitated by Colliers Mortgage and Merced-Bellshire LLC acted as the landlord in this transaction.
Players
Conroe 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93