MSD Partners Provides $124M Construction Loan For Office Building In Austin
218 S. Lamar Blvd.
Building Size
—
Asset Type
—
Closing
Aug 15, 2022
About this deal
AI
The property involved in the transaction is an office located at 218 S. Lamar Blvd in Austin. It spans 207,000 square feet and is owned by Generational Commercial Properties and Fairway Real Estate.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $124,000,000
- Market: Austin
- Lender: MSD Partners - Michael Dell
- Landlord: Generational Commercial Properties & Fairway Real Estate
- Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
- Loan Type: Construction
MSD Partners, headed by Michael Dell, provided a construction loan of $124,000,000 for the office property located at 218 S. Lamar Blvd in Austin. The loan was facilitated by brokers Jordan Roeschlaub and Dustin Stolly from Newmark.
On the Map
Players
Austin CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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