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
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