Updated Jul 20, 2026
Roger Chan And Richard Landis Purchase 14 Unit Multifamily Property At 712 Ball In Galveston
712 Ball
Building Size
10,700 SF
Asset Type
MultiFamily
Closing
Jul 9, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 712 Ball in Galveston. The asset comprises 14 units and totals 10,700 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 14
- Square Footage: 10,700
- Address: 712 Ball
- Market: Galveston
- Buyer: Roger Chan & Richard Landis
- Seller: Priority Investor Loans
- Seller's Representative: Ryan DeGennaro, Charles Peckham & Scott Lunine - Partners Real Estate
This transaction involved key individuals Roger Chan and Richard Landis as buyers acquiring the multifamily property. The seller, Priority Investor Loans, was represented in the deal by the brokerage team consisting of Ryan DeGennaro, Charles Peckham, and Scott Lunine from Partners Real Estate.
On the Map
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