Updated Mar 11, 2025
Trinnium Equity Group & Starboard Equity Acquire 202-Unit Multifamily In Houston
707 El Dorado Boulevard, Houston, Texas 77062, United States
Units
202
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
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.
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MultiFamily
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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