250 Unit Multifamily Houston
Investment Highlights
Northwest Houston TX 250 units gated townhouse community built in 2000. All 2/3br floorplans 83% occupied (due to recent increase in income requirements that also improved tenant quality) 50% of units are classic with $180 rents below market & pro forma NOI on full occupancy is $1.863m normal sale owner asking $105kppd / $26.3m negotiable. Owner will also stay in the deal as preferred equity up to 50% at 8% rate
Location
📍 Houston
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Who finances deals like this
The lenders with the most recorded multifamily mortgages since 2021, from public ACRIS filings.
- JPMORGAN Chase Bank, N.a. — 6,249 loans, typically $85K–$799K
- Citizens Bank NA — 3,374 loans, typically $126K–$660K
- TD Bank NA — 2,670 loans, typically $117K–$500K
- Rocket Mortgage, LLC — 2,561 loans, typically $140K–$528K
- United Wholesale Mortgage, LLC — 2,526 loans, typically $420K–$849K
Crezly connects borrowers and lenders. Crezly is not a loan broker, does not negotiate terms, and receives no compensation contingent on any loan closing.
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
