Madison Realty Capital Provides $278.5M Construction Loan For 117-Unit Condo In Austin
313 W 17th St, Austin, TX, USA
$278,500,000
$175,931/SF
Building Size
1,583 SF
Asset Type
—
Closing
Jun 14, 2021
About this deal
AI
Located at 313 W 17th St in Austin, this condominium property consists of 117 units. The landlord of this property is Reger Holdings LLC, represented by Gordon Reger. The lender for this transaction is Madison Realty Capital, with Josh Zegen and Brian Shatz serving as the representatives.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $278,500,000
- Address: 313 W 17th St
- Market: Austin
This construction loan was provided for the condominium project at 313 W 17th St. Madison Realty Capital, led by Josh Zegen and Brian Shatz, served as the lender for this transaction. The loan amount provided was $278,500,000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93