Lone Star Capital Group Acquires Multifamily Property In Houston With Broker Representation
15330 Bammel North Houston Road, Houston, Texas 77014, United States
Units
232
Asset Type
MultiFamily
Closing
May 31, 2022
AI
Located at 15330 Bammel North Houston Rd in Houston, this multifamily property with 232 units was recently sold. The transaction took place on 06/01/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not mentioned in the CONTEXT
- Address: 15330 Bammel North Houston Rd
- Market: Houston
- Units: 232
The property was acquired by Lone Star Capital Group, represented by Rob Beardsley. The seller, Commerce Capital Partners, finalized the deal with the assistance of brokers Ryan Epstein and Jennifer Ray from Walker & Dunlop, Inc.
Paul House and Larry Perez, also from Walker & Dunlop, served as the mortgage brokers for this transaction.
Players
Houston 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