facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Development Site

/

Loan

/

4700 South Congress Avenue,...

Updated May 12, 2025

Madison Realty Capital Provides $13M Loan For Development Site In Austin, Texas
FINANCEDDevelopment Site

Madison Realty Capital Provides $13M Loan For Development Site In Austin, Texas

4700 South Congress Avenue, Austin, TX 78745, USA

$13,000,000

$716/SF

Building Size

18,134 SF

Asset Type

Development Site

Closing

Aug 3, 2020

About this deal

AI

A development site located at 4700 South Congress Avenue in Austin, Texas has secured a loan for its acquisition and pre-development. The property is planned to include 400 multifamily units, 100,000 SF of office space, 180 hotel keys, and 40,000 SF of retail. The loan amount for this transaction is $13,000,000.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $13,000,000
  • Address: 4700 South Congress Avenue
  • Market: Austin, Texas
  • Plans: 400 multifamily units, 100,000 SF of office, 180 hotel keys, and 40,000 SF of retail

The lender for this transaction is Madison Realty Capital represented by Josh Zegen. The property is owned by The Sutton Company, KOA Partners, and Atalaya Capital. Adi Chugh from Surya Capital Partners served as the broker in this deal.

On the Map

Open live map

$13,000,000

$716/SF

Development Site

View full map

Players

Adi Chugh

TYKO Capital

Broker

$6.6B

vol

25 deals

Broker
Madison Realty Capital
Madison Realty CapitalLender
Bilt advertisement

Austin Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

About $716 per square foot on a published $13M for 18,134 square feet (2020).

Visit Adi Chugh to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets