Howard Hughes Corporation Secures $137M Loan For Office Property In The Woodlands
9950 Woodloch Forest Drive, The Woodlands, TX, USA
$137,000,000
$0/SF
Building Size
321,827,179 SF
Asset Type
Office
Closing
Mar 29, 1920
About this deal
AI
The property asset involved in this closed transaction is an office located at 9950 Woodloch Forest Dr. in Houston's market of The Woodlands. The transaction took place on 03/30/20. The borrower, representing Howard Hughes Corporation, is Paul H. Layne. The loan for this transaction amounted to $137,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $137,000,000
- Address: 9950 Woodloch Forest Dr.
- City: Houston
- Market: The Woodlands
- Borrower: Howard Hughes Corporation - Paul H. Layne
In this transaction, Paul H. Layne, representing Howard Hughes Corporation, secured a loan of $137,000,000 for the office property located at 9950 Woodloch Forest Dr. in Houston's market of The Woodlands.
Players
The Woodlands Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93