SOLDMultiFamily
Kajani Capital Group Acquires Multifamily Property In Houston
FM 1960 & T C Jester Boulevard, Texas, USA
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2021
AI
13.25 acres of multifamily property located at FM 1960 & TC Jester in Houston have been sold. The transaction took place on September 15, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: FM 1960 & TC Jester
- Market: Houston
- Acres: 13.25
Kajani Capital Group has acquired the property. The sale was facilitated by Kristen McDade and Matthew Davis, representing 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