Updated Apr 3, 2025
MBP Capital Acquires Multifamily Property In Fort Worth From Criterion Development Partners
Race Street, Fort Worth, TX, USA
Building Size
307,276 SF
Asset Type
MultiFamily
Closing
Mar 3, 2021
About this deal
AI
The multifamily property located at 2900 Race Street in Fort Worth has been sold in a recent transaction. The property consists of 181 units and has been a part of the market in Fort Worth.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 2900 Race Street
- Market: Fort Worth
- Units: 181
The seller of the property was Criterion Development Partners, while the buyer was MBP Capital. The transaction was facilitated by brokers Drew Kile, Joey Tumminello, Will Balthrope, and Grant Raymond from IPA, who represented the parties involved in the deal.
On the Map
MultiFamily
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Players
Fort Worth 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