Updated Oct 28, 2024
Old Three Hundred Capital Acquires Multifamily Property In Georgetown For $38.5M
1400 Rivery Boulevard, Georgetown, Texas 78628, United States
$38,500,000
Units
228
Asset Type
MultiFamily
Closing
Feb 10, 2022
About this deal
AI
The multifamily property located at 1400 Rivery Blvd in Georgetown has been involved in a recent transaction. The property spans 32 acres and consists of 228 units. The deal was facilitated by JLL, with brokers Marko Kazanjian, Chris McColpin, Max Herzog, and Andrew Cohen representing the parties involved. The loan for the acquisition was provided by QuadReal Finance Inc. and amounted to $38,500,000. It is classified as a floating-rate loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Address: 1400 Rivery Blvd, Georgetown
- Market: Georgetown
- Units: 228
- Acres: 32
In this transaction, the lender QuadReal Finance Inc. provided a floating-rate loan of $38,500,000 for the acquisition of the multifamily property at 1400 Rivery Blvd. The landlord, Old Three Hundred Capital, engaged the services of brokers Marko Kazanjian, Chris McColpin, Max Herzog, and Andrew Cohen from JLL to represent them in the deal.
On the Map
$38,500,000
MultiFamily
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Players
Georgetown 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93