Jamie Mullin & Brandon Brown Of Marcus & Millichap Capital Corporation Secure $56.2M Acquisition Loan For Cypress Multifamily | 11111 Grant Road | Jamie Mullin, Brandon Brown | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

378,646 sqft

A multifamily property located at 11111 Grant Road in Cypress has been involved in a closed transaction. The property consists of 422 units and is situated in the Cypress market.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $56,200,000
Loan Amount: $56,200,000
Loan Type: Acquisition Loan
Loan Terms: five-year bridge loan with a 75% LTV and an interest rate of 3.85%

The transaction was facilitated by Jamie Mullin and Brandon Brown from Marcus & Millichap Capital Corporation (MMCC). They represented the parties involved in the deal.

Players

All
3

Agents
2
Agencies
1

Jamie Mullin

Senior Managing Director Capital Markets

Brandon Brown

Senior Managing Director Capital Markets

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Jamie Mullin & Brandon Brown DATE: 03/30/2022 ADDRESS: 11111 Grant Road MARKET: Cypress ASSET TYPE: Multifamily ~ UNITS: 422 BROKERS: Jamie Mullin & Brandon Brown - Marcus & Millichap Capital Corporation (MMCC) LOAN AMOUNT: $56,200,000 LOAN TYPE: Acquisition Loan LOAN TERMS: five-year bridge loan has an 75% LTV and an interest rate of 3.85 percent

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Address11111 Grant Road

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