Olive Tree Holdings Acquires Multifamily Property In Houston With $12.2M Loan From PGIM. Brokers Cooper Ramsey & Peter Stobierski - TrueRate Services
FINANCED
$12,200,000
Texas
See Similar DealsMultiFamily813 SF
Financed 07/28/2020
FINANCED
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
See Similar DealsMultiFamily813 SF
Financed 07/28/2020
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$15,006
Total Square Footage:813 SF
Transaction Type:Loan
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.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,200,000.00
Monthly NOI$81,333.33
Monthly Debt Service$77,112.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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