The Bascom Group Acquires Multifamily Property In Houston With Buyer's Rep John Carr - Cushman & Wakefield
9757 Windwater Drive, Houston, Texas 77075, United States
Building Size
—
Asset Type
MultiFamily
Closing
Apr 26, 2022
AI
The multifamily property located at 9757 Windwater Dr in Houston has been sold. The property consists of 150 units. The sale transaction was completed on 04/27/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 9757 Windwater Dr, Houston
- Market: Houston
- Units: 150
The buyer of the property is The Bascom Group, represented by Derek Chen, David Kim, and Jerry Fink. The broker involved in the transaction is John Carr from Cushman & Wakefield. The lender for the sale was Huntington National Bank, and the mortgage broker representing the transaction was Jason Pumpelly, also from Cushman & Wakefield.
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