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21919 Northpark Dr, Kingwoo...

CAF Capital Partners Acquires Multifamily Property In Kingwood From SWBC Real Estate
SOLDMultiFamily

CAF Capital Partners Acquires Multifamily Property In Kingwood From SWBC Real Estate

21919 Northpark Dr, Kingwood, TX, USA

Building Size

Asset Type

MultiFamily

Closing

Nov 15, 2021

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.

Players

Jennifer Ray

Walker & Dunlop

Broker

8 deals

Broker
Capital Partners
Capital PartnersBuyer

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