Hawkwood Ventures Secures $11.2M Loan For Student Housing At 900 W. 23rd Street In Austin
FINANCED
$11,200,000
Texas
See Similar DealsFinanced 10/07/2022
FINANCED
Hawkwood Ventures Secures $11.2M Loan For Student Housing At 900 W. 23rd Street In Austin
900 West 23rd Street, Austin, Texas 78705, United States
See Similar DealsFinanced 10/07/2022
Summary
TEXAS
Transaction Type:Loan
The property involved in this closed transaction is a student housing property located at 900 W. 23rd Street in Austin. The property has a total of 140 beds, offering accommodation for students in the area.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $11,200,000
- Address: 900 W. 23rd Street
- Market: Austin
- Lender: iborrow''>iBorrow - Brian Good
- Landlord: Hawkwood Ventures
The loan for this transaction was provided by iBorrow, with Brian Good representing the lender. The landlord in this deal is Hawkwood Ventures. The loan amount for this transaction is $11,200,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,200,000.00
Monthly NOI$74,666.67
Monthly Debt Service$70,791.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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