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
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