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Kings Capital Secures Acquisition Loan For Multifamily Property In Houston, TX

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FINANCED
Jeffrey Znaty
George Giannopoulos
+ 1

National

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MultiFamily
Financed 09/01/2023
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Property Image
FINANCED

Kings Capital Secures Acquisition Loan For Multifamily Property In Houston, TX

MultiFamily
Financed 09/01/2023
Jeffrey Znaty
George Giannopoulos
+ 1
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

Located in Houston, TX, this multifamily property recently underwent an acquisition transaction. The property was acquired by Kings Capital, represented by Richard Wheeler, George Giannopoulos, and Jeff Znaty. The deal was facilitated by Jake Lapidot of Cooper Horowitz. Although no additional details about the property itself were provided, this transaction marks a significant milestone for Kings Capital in expanding their multifamily portfolio in Houston.

Summary of transaction details:

This acquisition demonstrates the continued growth strategy of Kings Capital in the Houston market. With the expertise and guidance of Jake Lapidot as their broker, Kings Capital successfully expanded their multifamily holdings. The transaction showcases the confidence and investment potential in the Houston multifamily sector, as well as the strong collaboration between Kings Capital and Jake Lapidot.

Players

Jake Lapidot
19 deals$298.5M volume
BROKER

Jeffrey Znaty
Kings Capital
20 deals$118.3M volume
LANDLORD

George Giannopoulos
Kings Capital
16 deals$76.2M volume
LANDLORD

Richard Wheeler
Kings Capital
5 deals$11.4M volume
LANDLORD

Details

FINANCED
IMAGE: Jake Lapidot, George Giannopoulos, Richard Wheeler & Jeff Znaty DATE: 09/01/2023 MARKET: Houston, TX ASSET TYPE: Multifamily LANDLORD: Kings Capital (@KingsCapitalre) - Richard Wheeler, George Giannopoulos & Jeff Znaty BROKER: Jake Lapidot - Cooper Horowitz (@CooperHorowitz) LOAN TYPE: Acquisition

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Debt Service Coverage Ratio (DSCR)

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Max Loan Amount

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Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00