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20 Greenway Plaza, Houston,...

Cigna Realty Investors Funds Loan For 20 Greenway Plaza Office In Houston
FINANCEDOffice

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

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:

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.

Players

Wally Reid

JLL

Broker

$111.3M

vol

8 deals

Broker
CI
Cigna Realty InvestorsLender

Houston Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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