Bellrock Real Estate Partners Acquires 375-Unit Multifamily Property In Houston For $64.7M | 3030 Summer Street | CBRE Global Investors | Hank Glasgow, Braden Harmon | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

1,265 sqft

Bellrock Real Estate Partners has acquired a multifamily property located at 3030 Summer St in Houston. The property consists of 375 units and was sold for an undisclosed amount. The transaction took place on August 30, 2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: Undisclosed
Address: 3030 Summer St, Houston
Market: Houston
Units: 375

The acquisition was financed through a loan provided by CBRE Global Investors. Charles Kim, representing CBRE Global Investors, facilitated the loan agreement. The loan amount was $64,700,000. It was an acquisition loan with a floating rate and an initial term of three years. The loan can be extended for an additional two years if needed.

Hank Glasgow and Braden Harmon, from Newmark, served as the brokers for this transaction.

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Players

All
4

Agents
2
Agencies
1
Lenders
1

Hank Glasgow

Vice President

Braden Harmon

Senior Managing Director

Details

Deal Summary

FINANCED

IMAGE: Braden Harmon & Hank Glasgow DATE: 08/30/2021 ADDRESS: 3030 Summer St MARKET: Houston ASSET TYPE: Multifamily UNITS: 375 LANDLORD: Bellrock Real Estate Partners LENDER: CBRE Global Investors - Charles Kim BROKER: Hank Glasgow & Braden Harmon - Newmark LOAN AMOUNT: $64,700,000 LOAN TYPE: Acquisition LOAN TERM: floating rate loan, initial term of three years and can extend up to an additional two years

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Address3030 Summer Street

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