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
Boerne 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