Updated Oct 28, 2024
Olive Tree Holdings Acquires Multifamily Property In Houston With $12.2M Loan From PGIM. Brokers Cooper Ramsey & Peter Stobierski - TrueRate Services
8625 Winkler Drive, Houston, TX 77017, USA
$12,200,000
$15,006/SF
Building Size
813 SF
Asset Type
MultiFamily
Closing
Jul 28, 2020
About this deal
AI
Olive Tree Holdings has acquired a multifamily property located at 8625 Winkler Dr in Houston. The acquisition was financed by a loan from PGIM in the amount of $12,200,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,200,000
- Market: Houston
- Landlord: Olive Tree Holdings
- Lender: PGIM
- Brokers: Cooper Ramsey & Peter Stobierski - TrueRate Services
Cooper Ramsey and Peter Stobierski from TrueRate Services represented the buyer and seller, respectively, in the acquisition deal.
The multifamily loan at 8625 Winkler Drive, Houston, TX 77017, USA in Houston, Texas financed for $12.2M in 2020. The building is 813 square feet, implying about 15K per square foot on the published price. Named participants on the 8625 Winkler Drive, Houston, TX 77017, USA loan are Peter Stobierski, Cooper Ramsey. This page is the Houston, Texas file for the 8625 Winkler Drive, Houston, TX 77017, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else financed near 8625 Winkler Drive, Houston, TX 77017, USA around 2020. Published consideration for 8625 Winkler Drive, Houston, TX 77017, USA is $12.2M, dated 2020. Cite this Olive Tree Holdings Acquires Multifamily Property In Houston With $12.2M Loan From PGIM. Brokers Cooper Ramsey & Peter Stobierski - TrueRate Services loan when underwriting similar multifamily product around Houston, Texas.
Players
Houston 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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93