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Obsidian Capital Sells 136-Unit Cobble Hill Apartment Community In Fort Worth To Family Office

Property Image
SOLD
Ford Braly
Al Silva

Texas

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MultiFamily
Sold 09/10/2024
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Property Image
SOLD

Obsidian Capital Sells 136-Unit Cobble Hill Apartment Community In Fort Worth To Family Office

6050 Oakland Hills Drive

See Similar Deals
MultiFamily
Sold 09/10/2024
Ford Braly
Al Silva
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is the Cobble Hill apartment community, which consists of 136 units situated at 6050 Oakland Hills Drive in Fort Worth. The multifamily asset is part of an active market for residential properties in the area.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 136
  • Address: 6050 Oakland Hills Drive
  • Market: Fort Worth
  • Seller: Obsidian Capital
  • Brokers: Al Silva & Ford Braly - Marcus & Millichap
  • Mortgage Broker: MMCC
  • Financing Amount: $7.5 million

The transaction saw Obsidian Capital selling the property to an out-of-state family office, with Marcus & Millichap facilitating the sale. The new owners intend to implement significant upgrades to enhance the property’s value following the acquisition, supported by financing arranged by MMCC.

Players

Al Silva
Marcus & Millichap
Al Silva
37 deals$589.6M volume
BROKER
Ford Braly
Marcus & Millichap
Ford Braly
29 deals$589.6M volume
BROKER

Details

SOLD
IMAGE: Al Silva & Ford Braly DATE: 09/10/2024 ADDRESS: 6050 Oakland Hills Drive MARKET: Fort Worth ASSET TYPE: Multifamily ~ UNITS: 136 SELLER: Obsidian Capital BROKERS: Al Silva (@AlmostGuarantee) & Ford Braly (@FordBraly) - Marcus & Millichap (@MarcusMillichapinc) MORTGAGE BROKER: MMCC (@MMCapCorp) NOTE: Obsidian Capital sold the 136-unit Cobble Hill apartment community in Fort Worth to an out-of-state family office. Marcus & Millichap brokered the deal, with MMCC arranging $7.5 million in acquisition financing, while the new owners plan significant upgrades to the property.

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