Madera Residential Acquires 325-Unit Multifamily In Central Houston
4641 Montrose Boulevard, Houston, Texas 77006, United States
Building Size
—
Asset Type
MultiFamily
Closing
Sep 8, 2022
AI
4641 Montrose Boulevard in Central Houston has been sold in a recent transaction. This multifamily property, consisting of 325 units, changed ownership on 09/09/2022. The property was purchased by Madera Residential from the seller, Alliance Residential Company.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
The buyer, Madera Residential, was represented by Chris Pollard and Jason Rice from Berkadia Dallas. On the other hand, the seller, Alliance Residential Company, was represented by Chris Curry, Todd Marix, Jeff Skipworth, Chris Young, Joey Rippel, and Kyle Whitney from Berkadia Houston.
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