SOLDMultiFamily
Walker & Dunlop Acquires Multifamily Property In Houston
7777 Katy Freeway
Building Size
—
Asset Type
MultiFamily
Closing
Jul 14, 2022
AI
The property involved in the transaction is a multifamily asset located at 7777 Katy Fwy in Houston. The property comprises 402 units and was sold on 07/14/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7777 Katy Fwy, Houston
- Market: Houston
- Units: 402
The transaction was facilitated by brokers Ryan Epstein and Jennifer Ray from Walker & Dunlop, Inc. Additionally, Mark Vinitsky and Harvey Pava from Walker & Dunlop served as the mortgage brokers for the deal.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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