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511 Fm 1960 Rd

Michael J. Gefter Secures $4,226,000 Loan For Special Purpose Asset In Houston
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 asset involved in this transaction is a Special Purpose property located at 511 Fm 1960 Rd in Houston. The loan amount secured for this property is $4,226,000.00.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $4,226,000.00
  • Loan Date: 01/24/2025
  • Address: 511 Fm 1960 Rd
  • Market: Houston
  • Broker: Michael J. Gefter

Michael J. Gefter, representing the deal, is the broker who facilitated this transaction and was integral in the actualization of the loan agreement for the asset.

Players

Michael J. Gefter

Wolf Investment Partners

Broker

$282.5M

vol

66 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersBrokerage

Houston Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Loan transactions

Loading comparables…

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