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16112 North Freeway, Housto...

Inman Equities Acquires Multifamily Property In Houston From Olive Tree Holdings
SOLDMultiFamily

Inman Equities Acquires Multifamily Property In Houston From Olive Tree Holdings

16112 North Freeway, Houston, Texas 77090, United States

Building Size

Asset Type

MultiFamily

Closing

Jul 7, 2022

AI

A multifamily property located at 16112 North Freeway in Houston has recently been sold. The property consists of 372 units, making it a significant asset in the area.

Summary of transaction details

The deal was facilitated by Berkadia, with brokers Chris Young, Joey Rippel, Kyle Whitney, Jeffrey Skipworth, Todd Marix, and Chris Curry representing both the buyer and seller parties. The transaction was completed on 07/08/2022.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
IE
Inman EquitiesBuyer
OH
Olive Tree HoldingsSeller

Houston 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