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Casa Verde Apartments
Houston
,
TX
Projected IRR of 19.99%, 1.98 multiple to investor
Closed 7/2021
384 units built in 1973
Purchase price: $47,775,813
$5,506,560 proposed capital improvement program
3 year I/O, variable rate bridge debt at years 1-2
Refinance after year 2 with Freddie Mac 5 year fixed debt
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