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125 Crosspoint

Will Rojas, Steven Rojas And Ross Cumming Acquire 100-Unit Multifamily Property In Boerne, Texas
SOLDMultiFamily

Will Rojas, Steven Rojas And Ross Cumming Acquire 100-Unit Multifamily Property In Boerne, Texas

125 Crosspoint

Building Size

83,000 SF

Asset Type

MultiFamily

Closing

Apr 26, 2025

AI

A 100-unit garden-style multifamily property has been acquired at 125 Crosspoint Road in Boerne, Texas. The property spans 83,000 square feet and was built in 2000. The community will be rebranded as Crosspoint Oaks at Boerne, providing a value-add opportunity in one of the San Antonio MSA’s fastest-growing submarkets.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 100
  • Square Footage: 83,000
  • Address: 125 Crosspoint
  • Market: Boerne
  • Buyer: Will Rojas & Steven Rojas - Mixton Capital Partners; Ross Cumming - Inverlochy Capital Management

This transaction marks the first acquisition under a new programmatic joint venture aiming to invest up to $100 million in multifamily properties across Texas and the broader Sun Belt. The initial target markets include Austin, San Antonio, and Dallas–Fort Worth.

Players

Ross Cumming

Buyer

$256.9M

vol

6 deals

Buyer

Boerne MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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