Updated Oct 21, 2026
Noah Isaac & Ralph Gelley Secure $17.5 Million Refinance Loan For Texas Multifamily Asset
$17,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 1, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in Texas. The loan amount secured for this asset is $17,500,000, under a refinance loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Lender: Noah Isaac & Ralph Gelley
- Lender Agency: Sheridan Capital
- Market: Texas
- Loan Type: Refinance
Noah Isaac and Ralph Gelley are the key individuals representing Sheridan Capital in this refinancing transaction. They played a critical role in facilitating the loan for the multifamily asset in the Texas market.
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93