Cigna Realty Investors Funds Loan For 20 Greenway Plaza Office In Houston
20 Greenway Plaza, Houston, TX, 77046
Building Size
—
Asset Type
Office
Closing
Nov 18, 2016
About this deal
AI
The property asset involved in the transaction is a 20 Greenway Plaza office located in Houston, TX 77046. The asset is part of the Houston market, with further specifications not detailed in the provided context.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Borrower's Representative: Wally Reid
- Lender: Cigna Realty Investors
The primary individuals involved in this transaction include Wally Reid, who represents the borrower, and Cigna Realty Investors, the lender financing the loan for the property asset. No additional specifics about the transaction process or the parties' roles are provided.
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Players
Houston Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93