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850 Imperial Boulevard, Sug...

Greystar Secures $28.2M Loan For Multifamily Property In Sugar Land, Houston
FINANCEDMultiFamily

Greystar Secures $28.2M Loan For Multifamily Property In Sugar Land, Houston

850 Imperial Boulevard, Sugar Land, TX, USA

$28,200,000

$41,716/SF

Building Size

676 SF

Asset Type

MultiFamily

Closing

Jan 16, 1920

AI

Greystar, a well-known developer in the real estate industry, recently secured a loan for a multifamily property located at 850 Imperial Blvd. in Sugar Land, Houston. The loan was obtained from MF1 Capital for a substantial amount of $28,200,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $28,200,000
  • Address: 850 Imperial Blvd.
  • City: Houston
  • Market: Sugar Land

The financing deal was facilitated by CBRE, with Aron Will, Austin Sacco, and Adam Mincberg representing the firm. CBRE, a prominent brokerage company, played a significant role in connecting the borrower, Greystar, with the lender, MF1 Capital.

With this loan secured, Greystar can now proceed with its plans for the multifamily property at 850 Imperial Blvd. in Sugar Land, Houston. The involvement of experienced professionals, such as CBRE's Aron Will, Austin Sacco, and Adam Mincberg, ensures a smooth and successful transaction.

Players

Adam Mincberg

CBRE

Broker

$235.9M

vol

4 deals

Broker
MF1 Capital
MF1 CapitalLender

Sugar Land 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

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93