Rockstar Capital Secures $35M Loan For Multifamily Acquisition In Houston With Lender Capital One | 3131 West Belfort Avenue | Capital One | Jonathan Zilber, Hannah Howard | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

1,227 sqft

Rockstar Capital has completed the acquisition of a multifamily property located at 3131 W Belfort Ave in Houston. The property was acquired with the assistance of a loan from Capital One.

Summary of transaction details:

Property Type: Multifamily Acquisition
Transaction Amount: $35,040,000
Address: 3131 W Belfort Ave, Houston
Lender: Capital One

Hannah Howard and Jonathan Zilber of Meridian Capital Group represented Rockstar Capital in the loan transaction.

The loan amount of $35,040,000 was secured with a 77% loan-to-value (LTV) ratio on a Class A property. The loan has a term of 10 years, with the first 5 years being interest-only. The interest rate for the loan is 2.74%. It is important to note that the loan is non-recourse, providing Rockstar Capital with additional financial security.

Players

All
4

Agents
2
Agencies
1
Lenders
1

$11.1M Sold

$11.1M Sold

Meridian Capital Group

Capital One

Details

Deal Summary

FINANCED

IMAGE: Robert Martinez, Sam Morris, Hannah Howard & Jonathan Zilber DATE: 08/02/2021 ADDRESS: 3131 W Belfort Ave MARKET: Houston ASSET TYPE: Multifamily Acquisition LANDLORD: Rockstar Capital LENDER: Capital one BROKER: Hannah Howard (@Broker_Hannah_Howard) & Jonathan Zilber - Meridian Capital Group LOAN AMOUNT: $35,040,000 LOAN TERM: 77% LTV on Class A, 10 year term, 5 years IO, Rate 2.74% LOAN TYPE: Non-recourse

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Address3131 West Belfort Avenue

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