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14100 Will Clayton Parkway

Dustin Miles' Momentum Multifamily Acquires 296-Unit Multifamily Property In Humble, Texas With Financing From Timbercreek Capital Arranged By Taylor Coy
SOLDMultiFamily

Dustin Miles' Momentum Multifamily Acquires 296-Unit Multifamily Property In Humble, Texas With Financing From Timbercreek Capital Arranged By Taylor Coy

14100 Will Clayton Parkway

Units

296

Asset Type

MultiFamily

Closing

Jan 9, 2024

AI

The Henry at Lake Houston, a 296-unit apartment community located at 14100 Will Clayton Parkway in Humble, Texas, has been acquired by Momentum Multifamily. The property, previously known as The Cobalt at Lake Houston, offers upscale residences and a range of amenities. The transaction took place with financing from Timbercreek Capital, which was arranged by JLL's Taylor Coy.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 14100 Will Clayton Parkway, Humble, Texas
  • Market: Humble

Dustin Miles from Momentum Multifamily acted as the buyer in this transaction. The financing was secured through Timbercreek Capital, with Taylor Coy from JLL serving as the mortgage broker.

Players

Taylor Coy

JLL

Broker

1 deal

Broker
MM
Momentum MultifamilyBuyer

Humble 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