7C Equity Group Acquires Multifamily Property In Houston From WRH Realty
SOLD
+ 4
Texas
See Similar DealsMultiFamily
Sold 01/05/2022
SOLD
7C Equity Group Acquires Multifamily Property In Houston From WRH Realty
8162 Richmond Avenue, Houston, Texas 77063, United States
See Similar DealsMultiFamily
Sold 01/05/2022
+ 4
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 8162 Richmond Ave in Houston has been sold. The property consists of 432 units and was sold on January 5, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Date: 01/05/2022
- Address: 8162 Richmond Ave
- Market: Houston
- Number of Units: 432
The buyer of the property is 7C Equity Group, represented by Rakesh Bansal and Rajib Batabyal. The seller of the property is WRH Realty. Berkadia Houston, represented by Todd Marix, Chris Curry, Jeffrey Skipworth, Joey Rippel, Chris Young, and Kyle Whitney, acted as the seller's representatives in the transaction.
The mortgage for the sale was provided by Ready Capital, and Cameron Hart from Berkadia Austin served as the mortgage broker.
Players
LENDER
Details
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Operating Income
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Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
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Cap Rate
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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