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100 Creekwood Landing Drive

BR Premier Properties Acquires 200-Unit Multifamily In Richwood From Pensam Capital, LLC
SOLDMultiFamily

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

Jennifer Ray

Walker & Dunlop

Broker

8 deals

Broker

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