CIM Group Refinances Office Property In Woodlands, TX For $127M
FINANCED
$127,000,000
Texas
See Similar DealsOffice649,406 SF
Financed 01/11/2022
FINANCED
CIM Group Refinances Office Property In Woodlands, TX For $127M
1725 Hughes Landing Boulevard, Spring, TX 77380
See Similar DealsOffice649,406 SF
Financed 01/11/2022
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$195
Total Square Footage:649,406 SF
Transaction Type:Loan
Located in Woodlands, TX, the property at 1725 & 1735 Hughes Landing has recently undergone a significant transaction. The asset is an office building spanning approximately 649,406 square feet, situated on a sprawling 79-acre plot of land. The property is owned by The Howard Hughes Corp. and was involved in a refinancing loan deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $127,000,000
- Loan Type: Refinancing Loan
During the deal, the lender for this transaction was CIM Group, represented by Shaul Kuba. The loan amount of $127,000,000 was provided for the refinancing of the property located at 1725 & 1735 Hughes Landing. The involvement of CIM Group as the lender highlights their role in supporting this real estate transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$127,000,000.00
Monthly NOI$846,666.67
Monthly Debt Service$802,726.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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