FINANCEDSpecial Purpose
Michael J. Gefter Secures $4,226,000 Loan For Special Purpose Asset In Houston
511 Fm 1960 Rd
$4,226,000
$685/SF
Building Size
6,167 SF
Asset Type
Special Purpose
Closing
Jan 24, 2025
AI
The property involved in this transaction is located at 511 Fm 1960 Rd, Houston. It is categorized as a Special Purpose asset, with a loan amount of $4,226,000.00.
Summary of transation details:
- Property Type: Special Purpose
- Transaction Amount: $4,226,000.00
- Address: 511 Fm 1960 Rd
- Market: Houston
- Loan Date: 01/24/2025
The broker representing the transaction is Michael J. Gefter, who facilitated the loan associated with this property.
Players
Houston Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93