Sam Owen Of OGH US Secures $31.1M Loan For Multifamily Project In Austin
FINANCED
$31,100,000
Texas
See Similar DealsMultiFamily55,000 SF
Financed
FINANCED
Sam Owen Of OGH US Secures $31.1M Loan For Multifamily Project In Austin
1103 West 24th Street
See Similar DealsMultiFamily55,000 SF
Financed
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$565
Total Square Footage:55000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,100,000.00
Monthly NOI$207,333.33
Monthly Debt Service$196,573.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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