RSE Capital Partners Refinances $32.3M Loan For Georgetown Multifamily Property
1 Gabriels Bluff Dr Georgetown, TX 78626, USA
$32,300,000
Units
270
Asset Type
MultiFamily
Closing
Aug 29, 2023
AI
The Overlook is a 270-unit class-A multifamily property located at 1 Gabriels Bluff Drive in Georgetown. The property is owned by RSE Capital Partners and features various amenities while focusing on mission-driven occupancy. A refinance loan of $32.3 million has been secured against the property.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $32,300,000
- Loan Type: Refinance
- Loan Terms: Fixed-rate
- Landlord: RSE Capital Partners - Benjamin Miller
- Brokers: Timothy DeWispelaere & Eric Jones - KeyBank Real Estate Capital
KeyBank Real Estate Capital has played a crucial role in facilitating the loan for the refinancing of existing debt on the property. The transaction was handled by brokers Timothy DeWispelaere and Eric Jones, who are representatives of KeyBank Real Estate Capital in this deal.
Players
Georgetown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93