Updated Oct 28, 2024
Rockstar Capital Acquires Multifamily Property In Alvin, TX For $11.6M
35 Loop, Alvin, Texas 77511, United States
$11,648,000
Units
152
Asset Type
MultiFamily
Closing
Dec 23, 2021
About this deal
AI
Huntington Oaks is a multifamily property located at 2551 TX-35 Loop in Alvin, TX. This property features 152 units in the market of Alvin, TX.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,648,000
- Lender: Capital One
- Landlord: Rockstar Capital
- Brokers: Hannah Howard & Jonathan Zilber - Meridian Capital Group
- Loan Type: Acquisition
The loan for the acquisition of Huntington Oaks was provided by Capital One. The deal was represented by brokers Hannah Howard and Jonathan Zilber from Meridian Capital Group. The loan amount for this transaction was $11,648,000. The loan is a Freddie 10-year deal with a 75% loan-to-value ratio.
On the Map
$11,648,000
MultiFamily
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Players
Alvin 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93