facebook
Traded Co logo
Submit

Rockstar Capital Acquires Multifamily Property In Houston, TX For $51M Loan

Property Image
FINANCED
$51,000,000
Robert Martinez
Jonathan Zilber
Hannah Howard

Texas

See Similar Deals
MultiFamily
Financed 03/16/2022
the dealplayerscompscontact
Property Image
FINANCED

Rockstar Capital Acquires Multifamily Property In Houston, TX For $51M Loan

8900 Lakes at 610 Drive, Houston, Texas 77054, United States

See Similar Deals
MultiFamily
Financed 03/16/2022
Robert Martinez
Jonathan Zilber
Hannah Howard
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

Rockstar Capital has acquired a Class A multifamily property located at 8900 Lakes at 610 Dr. in Houston, TX. The transaction, which took place on 03/16/2022, involved a total of 282 units. Meridian Capital Group represented Rockstar Capital in the deal, with brokers Hannah Howard, Jonathan Zilber, and Robert Martinez facilitating the acquisition.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $51,000,000
  • Loan Type: Acquisition
  • Loan Terms: 3 YR Term, Full term IO, 75% LTC

The loan amount for the acquisition was $51,000,000. The terms of the loan included a 3-year term, full-term interest-only payments, and a loan-to-cost ratio of 75%. The property, classified as Class A, features a total of 282 units. The brokers from Meridian Capital Group described the property as a prime investment opportunity with attractive loan terms.

Players

Hannah Howard
Hannah Howard
16 deals$490M volume
BROKER
Jonathan Zilber
Walker & Dunlop
Jonathan Zilber
22 deals$1.1B volume(440) 298-2058
BROKER
Robert Martinez
Rockstar Capital
Robert Martinez
5 deals$51M volume
BROKER
Rockstar Capital
Rockstar Capital
LANDLORD

Details

FINANCED
IMAGE: Hannah Howard, Jonathan Zilber & Robert Martinez DATE: 03/16/2022 ADDRESS: 8900 Lakes at 610 Dr. MARKET: Houston, TX ASSET TYPE: Multifamily ~ UNITS: 282 LANDLORD: Rockstar Capital BROKERS: Hannah Howard (@Broker_Hannah_Howard), Jonathan Zilber & Robert Martinez - Meridian Capital Group LOAN AMOUNT: $51,000,000 LOAN TYPE: Acquisition LOAN TERMS: 3 YR Term, Full term IO, 75% LTC NOTE FROM BROKER: Class A, 282 units, 3 YR Term, Full term IO, 75% LTC

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$51,000,000.00

Monthly NOI$340,000.00
Monthly Debt Service$322,354.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00