Rockstar Capital Acquires Multifamily Property In Houston, TX For $51M Loan | 8900 Lakes at 610 Drive | Robert Martinez, Jonathan Zilber, Hannah Howard | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

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

All
5

Agents
3
Agencies
2

$11.1M Sold

$11.1M Sold

Meridian Capital Group

Details

Deal Summary

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

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Address8900 Lakes at 610 Drive

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