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18203 Westfield Place Drive...

Lone Star Capital Acquires Multifamily Property In Houston For $UNSPECIFIED AMOUNT
SOLDMultiFamily

Lone Star Capital Acquires Multifamily Property In Houston For $UNSPECIFIED AMOUNT

18203 Westfield Place Drive, Houston, Texas 77090, United States

Building Size

Asset Type

MultiFamily

Closing

Sep 21, 2022

AI

The multifamily property at 18203 Westfield Place in Houston has been sold in a recent transaction. The property consists of 228 units and was sold by Haven Realty Capital to Lone Star Capital. The sale was facilitated by brokers Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel, and Kyle Whitney from Berkadia.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 228

Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel, and Kyle Whitney from Berkadia represented the buyer and seller in this transaction. Their expertise and negotiation skills played a crucial role in completing the deal.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
LC
Lone Star CapitalBuyer
HC
Haven Realty CapitalSeller

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