FINANCEDMultiFamily
JP Morgan Asset Management Provides $52M Bridge Loan For 300-Unit Multifamily Property In Austin
1215 West Slaughter Lane, Austin, Texas 78748, United States
$52,000,000
Units
300
Asset Type
MultiFamily
Closing
Jul 13, 2022
AI
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Units: 300
- Acres: 22
- Address: 1215 W Slaughter Ln
- Market: Austin
- Lender: JP Morgan Asset Management
- Landlord: Domain Communities - James Golden
- Loan Type: Bridge Loan
- Loan Terms: Four-year, non-recourse
Players
J.P. Morgan ChaseLender
DC
Domain CommunitiesLandlord
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93