Jeffrey Rosenfeld And Sean Robertson Secure $42 Million Construction Loan For 257-Unit Multifamily In Katy
FINANCED
$42,000,000
Texas
See Similar DealsMultiFamily224,401 SF
Financed 10/25/2024
FINANCED
Jeffrey Rosenfeld And Sean Robertson Secure $42 Million Construction Loan For 257-Unit Multifamily In Katy
MultiFamily224,401 SF
Financed 10/25/2024
Summary
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:224,401 SF
Transaction Type:Loan
The transaction involves a multifamily asset located in Katy, comprising 257 units with a total square footage of 224,401. The loan type is construction, with a loan amount of $42,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Units: 257
- Square Footage: 224,401
- Lender: Jeffrey Rosenfeld & Sean Robertson - North River Partners
- Broker: Ryan Horowitz & Michael Horowitz - Cooper Horowitz
- Date: 10/25/2024
- Market: Katy
The deal involves key players, including brokers Ryan Horowitz and Michael Horowitz, representing Cooper Horowitz, and lenders Jeffrey Rosenfeld and Sean Robertson from North River Partners. This collaboration underscores the professional network facilitating the transaction in the multifamily market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,000,000.00
Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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