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1 Gabriels Bluff Dr Georget...

RSE Capital Partners Refinances $32.3M Loan For Georgetown Multifamily Property
FINANCEDMultiFamily

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:

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

Timothy DeWispelaere

KeyBank

Broker

$32.3M

vol

1 deal

Broker
KeyBank
KeyBankLender

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