Updated Oct 28, 2024
Lavoro Capital Holdings Acquires Multifamily Property In San Antonio From NRP Group
301 E Cevallos St, San Antonio, TX 78204, USA
Building Size
324,609 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
In a recently closed transaction, a multifamily property located at 301 E Cevallos St in San Antonio has been sold. The property consists of 252 units and was sold by the NRP Group, represented by David Heller. The transaction took place on 11/05/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 252
- Market: San Antonio
Lavoro Capital Holdings, represented by Brian Driesse, acquired the property. As an active investor in the real estate market, Lavoro Capital Holdings saw potential in this multifamily asset and seized the opportunity to add it to their portfolio.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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