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9757 Windwater Drive, Houst...

The Bascom Group Acquires Multifamily Property In Houston With Buyer's Rep John Carr - Cushman & Wakefield
SOLDMultiFamily

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

John Carr

Cushman & Wakefield

Broker

9 deals

Broker

Jerry Fink

The Bascom Group

Buyer

$109.7M

vol

5 deals

Buyer
Huntington National Bank
Huntington National BankLender

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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