Updated Oct 28, 2024
Partin Properties LLC Refinances Humble Multifamily Property With $27.6M Loan From Greystone - Eric Rosenstock
9393 Farm-to-Market 1960 Bypass West, Humble, TX 77338
$27,600,000
$20,551/SF
Building Size
1,343 SF
Asset Type
MultiFamily
Closing
Aug 17, 2020
About this deal
AI
The multifamily property located at 9393 Farm to Market 1960 Bypass Rd W in Humble has been refinanced for a loan amount of $27,600,000. The property consists of 228 units and is owned by Partin Properties LLC. The loan was provided by greystone''>Greystone, with Eric Rosenstock representing the lender. The loan is structured with a fixed interest rate and a 35-year term and amortization schedule.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,600,000
- Address: 9393 Farm to Market 1960 Bypass Rd W, Humble
- Market: Humble
- Units: 228
- Landlord: Partin Properties LLC
- Lender: Greystone - Eric Rosenstock
This refinancing deal involved the collaboration between Partin Properties LLC as the landlord and Greystone with Eric Rosenstock as the lender. The refinanced loan has been structured with a fixed interest rate and a 35-year term and amortization schedule.
Players
Humble 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93