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
$11,200,000
Building Size
—
Asset Type
—
Closing
Oct 6, 2022
About this deal
AI
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.
On the Map
$11,200,000
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Players
Austin CRE Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93