Marcus & Millichap Capital Corporation Arranges $18.5M Acquisition Loan For Industrial Property In Houston | 11660 & 11670 Brittmoore Park Drive & 11927 Tanner Road | Frank Montalto, Dean Giannakopoulos | Industrial | Loan

Summary

Loan

TEXAS

Industrial

225,000 sqft

An acquisition loan has been secured for the industrial property located at 11660 & 11670 Brittmoore Park Drive & 11927 Tanner Road in Houston. The property spans an area of 225,000 square feet. The loan, provided by an undisclosed lender, amounts to $18,500,000.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $18,500,000
Loan Type: Acquisition Loan
Loan Terms: 10-year, 65-percent LTV loan with a 5-year interest only term

The acquisition loan was facilitated by Frank Montalto & Dean Giannakopoulos from Marcus & Millichap Capital Corporation. They served as the brokers in this deal, representing the buyer and seller.

Players

All
3

Agents
2
Agencies
1

Frank Montalto

Managing Director

$15.1M Sold

Dean Giannakopoulos

Senior Vice President

$25.1M Sold

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Frank Montalto & Dean Giannakopoulos DATE: 01/30/2022 ADDRESS: 11660 & 11670 Brittmoore Park Drive & 11927 Tanner Road MARKET: Houston ASSET TYPE: Industrial ~ SF: 225,000 BROKER: Frank Montalto & Dean Giannakopoulos - Marcus & Millichap Capital Corporation LOAN AMOUNT: $18,500,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 10-year, 65-percent LTV loan has a 5-year interest only term.

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Address11660 & 11670 Brittmoore Park Drive & 11927 Tanner Road

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