Updated Oct 28, 2024
Trive Capital And Aspen Oak Capital Partners Acquire 338-Unit Multifamily Property In Houston
9330 South Main Street, Houston, Texas 77025, United States
Units
338
Asset Type
MultiFamily
Closing
May 1, 2022
About this deal
AI
Trive Capital and David Stinnett, in partnership with Aspen Oak Capital Partners, have acquired a multifamily property located at 9330 Main St in Houston. The property consists of 338 units and was sold by Wood Partners.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: N/A
- Address: 9330 Main St, Houston
- Market: Houston
- Buyer: Trive Capital - David Stinnett & Aspen Oak Capital Partners
- Seller: Wood Partners
This transaction was facilitated by Trive Capital, represented by David Stinnett, and Aspen Oak Capital Partners. Wood Partners acted as the seller in the deal. Additional details such as the sale price and loan amount were not provided.
On the Map
MultiFamily
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Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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