Updated Oct 29, 2024
Borei Olam Management Acquires 268-Unit Multifamily Property In New Braunfels From Continental Properties
2980 Creek Bend Dr, New Braunfels, TX 78130, USA
Building Size
46,460 SF
Asset Type
MultiFamily
Closing
Sep 15, 2020
About this deal
AI
The multifamily property located at 2980 Creek Bend Drive in New Braunfels has been sold in a recent transaction. The property consists of 268 units and is situated in the New Braunfels market.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: Not provided
- Address: 2980 Creek Bend Drive
- Market: New Braunfels
Continental Properties acted as the seller in this transaction, while Borei Olam Management took on the role of the buyer. The deal was facilitated by Jonathan Brody from Rosewood Realty, who represented the buyer in this multifamily property purchase.
Players
New Braunfels 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