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JP Morgan Asset Management Provides $52M Bridge Loan For 300-Unit Multifamily Property In Austin

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FINANCED
$52,000,000

Texas

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MultiFamily
Financed 07/14/2022
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FINANCED

JP Morgan Asset Management Provides $52M Bridge Loan For 300-Unit Multifamily Property In Austin

1215 West Slaughter Lane, Austin, Texas 78748, United States

See Similar Deals
MultiFamily
Financed 07/14/2022
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

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 Chase
J.P. Morgan Chase
LENDER
DC
Domain Communities
LANDLORD

Details

FINANCED
IMAGE: Mary Callahan Erdoes DATE: 07/14/2022 ADDRESS: 1215 W Slaughter Ln MARKET: Austin ASSET TYPE: Multifamily ~ UNITS: 300 ~ ACRES: 22 LENDER: JP Morgan Asset Management LANDLORD: Domain Communities - James Golden LOAN AMOUNT: $52,000,000 LOAN TYPE: Bridge Loan LOAN TERMS: four-year, non-course

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$52,000,000.00

Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00