Updated Mar 5, 2026
Sam Owen Of OGH US Secures $31.1M Loan For Multifamily Project In Austin
1103 West 24th Street
$31,100,000
$565/SF
Building Size
55,000 SF
Asset Type
MultiFamily
Closing
Mar 2, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1103 West 24th Street in the Austin market. This property comprises 70 units spread over a total square footage of 55,000. The loan amount for the construction is $31,100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,100,000
- Loan Type: Construction
- Lender: Genesis Capital
- Landlord: Sam Owen - OGH US
- Broker: Kameron Katsch - Katsch Capital
Key individuals involved in this deal include the lender, Genesis Capital, which provided financing for the construction, and the landlord, Sam Owen, representing OGH US. The transaction was brokered by Kameron Katsch from Katsch Capital, who facilitated the deal.
On the Map
$31,100,000
$565/SF
MultiFamily
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Players
Austin 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93