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707 El Dorado Boulevard, Ho...

Trinnium Equity Group & Starboard Equity Acquire 202-Unit Multifamily In Houston
SOLDMultiFamily

Trinnium Equity Group & Starboard Equity Acquire 202-Unit Multifamily In Houston

707 El Dorado Boulevard, Houston, Texas 77062, United States

Building Size

Asset Type

MultiFamily

Closing

Jun 29, 2022

AI

Trinnium Equity Group and Starboard Equity have acquired a multifamily property in Houston. The property, located at 707 El Dorado Boulevard, consists of 202 units. The transaction took place on June 30, 2022, with the seller being ClearWorth Capital.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 707 El Dorado Boulevard
  • Market: Houston
  • Units: 202

The deal was facilitated by brokers Joey Rippel, Chris Young, Kyle Whitney, Jeffrey Skipworth, Chris Curry, and Todd Marix from Berkadia. The lender for the transaction was Ready Capital, with the mortgage broker being Cutt Ableson, also from Berkadia.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
TG
Trinnium Equity GroupBuyer
CC
ClearWorth CapitalSeller

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