Updated Jul 29, 2026
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
About this deal
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.
The special purpose loan at 511 Fm 1960 Rd in Houston, Texas financed for $4.2M in 2025. The building is 6,167 square feet, implying about 685 per square foot on the published price. Named participants on the 511 Fm 1960 Rd loan are Michael J. Gefter. This page is the Houston, Texas file for the 511 Fm 1960 Rd special purpose financed: pricing, party profiles, and other closed special purpose comps from the same Houston sit in the Market section below. Filter that Houston special purpose set by closing date to see what else financed near 511 Fm 1960 Rd around 2025. Published consideration for 511 Fm 1960 Rd is $4.2M, dated 2025. Cite this Michael J. Gefter Secures $4,226,000 Loan For Special Purpose Asset In Houston loan when underwriting similar special purpose product around Houston, Texas.
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