LMF Commercial Refinances Midtown Houston Office For $36M Loan
FINANCED
$36,000,000
Texas
See Similar DealsOffice269,800 SF
Financed 03/10/2022
FINANCED
LMF Commercial Refinances Midtown Houston Office For $36M Loan
2100 Travis Street, Houston, Texas 77002, United States
See Similar DealsOffice269,800 SF
Financed 03/10/2022
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$133
Total Square Footage:269,800 SF
Transaction Type:Loan
A refinance loan has been secured for an office property located at 2100 Travis St. in Midtown Houston. The property spans approximately 269,800 square feet and is situated in the Midtown Houston market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $36,000,000
The lender for this transaction is LMF Commercial, a subsidiary of Lennar Co., represented by Nihad Choudhury. The loan terms involve a 10-year fixed CMBS loan with full-term interest-only payments.
Keeley Megarity is the landlord for this property. Nabil Rhazi, from Alico Capital, served as the broker for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,000,000.00
Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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