BR Premier Properties Acquires 200-Unit Multifamily In Richwood From Pensam Capital, LLC
100 Creekwood Landing Drive
Building Size
3,638 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
AI
BR Premier Properties has acquired a multifamily property located at 100 Creekwood Landing Dr in Richwood. The property consists of 200 units and was sold by Pensam Capital, LLC. The transaction was facilitated by Ryan Epstein and Jennifer Ray of Walker & Dunlop, Inc.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not provided
- Date: 06/29/2022
- Address: 100 Creekwood Landing Dr
- Market: Richwood
- Units: 200
The acquisition of the multifamily property was completed by BR Premier Properties. They secured the property from Pensam Capital, LLC. Ryan Epstein and Jennifer Ray of Walker & Dunlop, Inc. represented the buyer in this transaction.
Players
Clute MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93