Updated Oct 15, 2026
Aaron Levy Secures $19.5M Construction Loan For 64-Unit MultiFamily Property In Austin With Forman Capital
1101 Gatehouse Dr, Austin, TX 78753
$19,496,040
$189/SF
Building Size
103,028 SF
Asset Type
MultiFamily
Closing
Jul 19, 2023
About this deal
AI
A construction loan for a multifamily property in Austin has been secured at 101 Gatehouse Way. The property consists of 64 units with a total square footage of 103,028. The loan, provided by Forman Capitaland represented by Brett Forman, Ben Jacobson, and Scott Mehlman, amounts to $19,496,040.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $19,496,040
- Units: 64
- Square Footage: 103,028
- Lender: Forman Capital - Brett Forman, Ben Jacobson, and Scott Mehlman
Aaron Levy is the borrower in this construction loan deal. The broker representing the transaction is Tyler Fan from Industry FinTech.
On the Map
$19,496,040
$189/SF
MultiFamily
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93