Oklahoma City OK

City Heights Medical Center Apartments

City Heights Medical Center

  • Projected IRR of 24.96%, 2.45 multiple to investor
  • Closed 3/2022
  • 178 units built in 1974
  • Purchase price: $17,592,745
  • $2,403,000 proposed capital improvement program
  • 3 year I/O, fixed rate bridge debt year 1
  • Refinance with Freddie Mac 5-year fixed debt
City Heights South Apartments

City Heights South

  • Projected IRR of 24.48%, 2.34 multiple to investor
  • Closed 3/2022
  • 201 units built in 1972
  • Purchase price: $19,570,325
  • $2,713,500 proposed capital improvement program
  • 3 year I/O, variable rate bridge debt at years 1
  • Refinance with Freddie Mac 5 year fixed debt
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