Jamail Virani & Ben Sides Landlord For $5.655M Acquisition Loan At 13147-13167 Northwest Freeway
FINANCED
$5,655,000
Texas
See Similar DealsRetail
Financed 04/03/2025
FINANCED
Jamail Virani & Ben Sides Landlord For $5.655M Acquisition Loan At 13147-13167 Northwest Freeway
Northwest Freeway
See Similar DealsRetail
Financed 04/03/2025
Summary
TEXAS
Asset Type:Retail
Transaction Type:Loan
The property asset involved in this transaction is a retail space located at 13147-13167 Northwest Freeway, Houston, TX. The asset encompasses a total square footage of 86,515. The acquisition loan amount for this property is $5,655,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,655,000
- Address: 13147-13167 Northwest Freeway
- Market: Houston, TX
- Asset Type: Retail
- Square Footage: 86,515
- Landlords: Jamail Virani & Ben Sides
- Broker: Gabe Einhorn - Capria Group
- Loan Type: Acquisition
Key individuals involved in the transaction include landlords Jamail Virani and Ben Sides, who own the property. Gabe Einhorn from Capria Group represents the broker side of this acquisition deal, facilitating the loan agreement for the landlords.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,655,000.00
Monthly NOI$37,700.00
Monthly Debt Service$35,743.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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