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Texas Group Secures $13.9M Loan From Shaya Ackerman & Steven Treitel For Houston Community

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FINANCED
$13,900,000

Texas

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Single Family Residence
Financed 04/16/2025
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Property Image
FINANCED

Texas Group Secures $13.9M Loan From Shaya Ackerman & Steven Treitel For Houston Community

11903 Bat Sheva Ln

See Similar Deals
Single Family Residence
Financed 04/16/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Single Family Residence
Transaction Type:Loan

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.

Players

Greystone
Greystone
LENDER
Greystone
Greystone
LENDER
TG
Texas Group
LANDLORD

Details

FINANCED
IMAGE: Shaya Ackerman & Steven Treitel DATE: 04/16/2025 ADDRESS: 11903 Bat Sheva Ln MARKET: Houston ASSET TYPE: Single Family Rental ~ UNITS: 69 ~ ACRES: 14.5 LANDLORD: Texas Group LENDERS: Shaya Ackerman & Steven Treitel - Greystone (@Greystonecref) LOAN AMOUNT: $13,900,000 NOTE: Greystone arranged a $13.9M line of credit to refinance Sandrock Gardens, a newly built 69-unit build-to-rent community in Houston. The loan was arranged by Shaya Ackerman and Steven Treitel to support continued unit delivery and capital access for the developer, Texas Group.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,900,000.00

Monthly NOI$92,666.67
Monthly Debt Service$87,857.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00