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900 West 23rd Street, Austi...

Hawkwood Ventures Secures $11.2M Loan For Student Housing At 900 W. 23rd Street In Austin
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

$11,200,000

Building Size

Asset Type

Closing

Oct 6, 2022

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.

Players

iBorrow
iBorrowLender

Austin CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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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