Updated Mar 4, 2026
Tusk Equities Acquires Multifamily Property In Austell, GA With $24.8M Bridge Loan
575 Riverside Parkway, Austell, Georgia 30168, United States
$24,800,000
$130/SF
Building Size
190,000 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
Located at 575 Riverside PKWY in Austell, GA, this multifamily property spans across 190,000 square feet with a total of 200 units. The transaction took place on December 22, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,800,000
- Market: Austell, GA
Tusk Equities, represented by Maurice Horn, is the landlord of this property. The brokerage firm Westwood Realty Associates played a key role in the deal, with Steven Vegh and Phil Goldstein acting as the brokers.
The financing for this transaction was provided in the form of a bridge loan.
Players
Austell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93