Updated May 12, 2025
Texas Group Secures $13.9M Loan From Shaya Ackerman & Steven Treitel For Houston Community
11903 Bat Sheva Ln
$13,900,000
Units
69
Asset Type
Single Family Residence
Closing
Apr 16, 2025
About this deal
AI
The transaction involves a single-family rental property located at 11903 Bat Sheva Ln in Houston. This asset comprises 69 units on an area of 14.5 acres, facilitating a build-to-rent community. The loan amount utilized for refinancing this property is $13,900,000.
Summary of transaction details:
- Property Type: Single Family Rental
- Transaction Amount: $13,900,000
- Address: 11903 Bat Sheva Ln
- Market: Houston
- Units: 69
- Acres: 14.5
- Landlord: Texas Group
- Lenders: Shaya Ackerman & Steven Treitel - Greystone
Shaya Ackerman and Steven Treitel, representing Greystone, were key individuals in arranging the financing. Their efforts aimed to support ongoing unit delivery and ensure capital access for the Texas Group, the developer of the project.
On the Map
$13,900,000
Single Family Residence
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Players
Houston Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93