Prism Multifamily Group Acquires 324-Unit Multifamily In Austin From Endeavor Properties
Building Size
—
Asset Type
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Closing
Dec 28, 2021
AI
Located at 5301 Decker Lane in Austin, this multifamily property has recently been sold. The transaction took place on December 28, 2021. The property consists of 324 units, making it a significant investment in the Austin market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 5301 Decker Lane
- Market: Austin
- Units: 324
The buyer of the property is Prism Multifamily Group, while the seller is Endeavor Properties. The deal was facilitated by brokers Mark Grace and Alison Williams, who represented the parties in the transaction. Walker & Dunlop served as their agency.
In addition to the buyer, seller, and brokers, Asia Capital Real Estate Management provided lending services for this transaction.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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