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Arbor Realty Trust complete...

Updated Oct 29, 2024

Arbor Realty Trust Provides $21.1M Bridge Loan For 211-Unit Value-Add Property In Houston, TX
FINANCEDMultiFamily

Arbor Realty Trust Provides $21.1M Bridge Loan For 211-Unit Value-Add Property In Houston, TX

$21,100,000

$87/SF

Building Size

240,000 SF

Asset Type

MultiFamily

Closing

Mar 27, 2023

About this deal

AI

The acquisition of a 211-unit value-add property in Houston, TX has been supported by a bridge financing loan of $21,100,000 provided by Arbor Realty Trust. The multifamily property spans 240,000 square feet and is poised for value enhancement.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,100,000
  • Market: Houston, TX
  • Square Footage: 240,000
  • Units: 211

Arbor Realty Trust, known for offering a range of financing options, including permanent Freddie Mac, Fannie Mae, and HUD long-term fixed-rate loans nationwide, has provided bridge financing for this transaction. Reach out to David Ohana of Arbor Realty Trust at (212)-389-6576 or [email protected] to discover how Arbor can assist you.

Players

Arbor Realty Trust
Arbor Realty TrustLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $87 per square foot on a published $21.1M for 240,000 square feet (2023).

Browse Texas multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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