Updated Oct 28, 2024
CAF Capital Partners Acquires Multifamily Property In Kingwood From SWBC Real Estate
21919 Northpark Dr, Kingwood, TX, USA
Units
331
Asset Type
MultiFamily
Closing
Nov 15, 2021
About this deal
AI
The multifamily property located at 21919 Northpark Dr in Kingwood has been sold in a recent transaction. The property consists of 331 units and is situated in a desirable market. The sale took place on 11/15/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Address: 21919 Northpark Dr
- Market: Kingwood
- Units: 331
CAF Capital Partners has acquired the property, while SWBC Real Estate acted as the seller. The transaction was facilitated by the brokers Ryan Epstein, Jennifer Ray, and Scott Bray from Walker & Dunlop.
On the Map
MultiFamily
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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