Updated Oct 29, 2026
David Scheer & Andrew Tichy Of Dwight Capital Provide $46,823,600 Construction Loan For 279-Unit Multifamily
7229 Bartlett Road
$46,823,600
Units
279
Asset Type
MultiFamily
Closing
Sep 16, 2026
About this deal
AI
The property asset located at 7229 Bartlett Road in Katy consists of a multifamily unit building with a total of 279 units. A construction loan was secured for the financing of this asset, amounting to $46,823,600.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,823,600
- Loan Type: Construction
- Lender: David Scheer & Andrew Tichy - Dwight Capital
- Date: 09/16/2026
David Scheer and Andrew Tichy represented Dwight Capital in the provision of financing for this transaction. Their involvement highlights the collaboration between the lending institution and the multifamily asset project in Katy.
On the Map
$46,823,600
MultiFamily
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Players
Katy MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93