Updated Oct 29, 2024
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
Market 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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93