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Old Three Hundred Capital Acquires Multifamily Property In Georgetown For $38.5M

Property Image
FINANCED
$38,500,000
Max Herzog
Chris McColpin
+ 1

Texas

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MultiFamily
Financed 02/11/2022
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FINANCED

Old Three Hundred Capital Acquires Multifamily Property In Georgetown For $38.5M

1400 Rivery Boulevard, Georgetown, Texas 78628, United States

See Similar Deals
MultiFamily
Financed 02/11/2022
Max Herzog
Chris McColpin
+ 1
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Marko Kazanjian
71 deals$5.4B volume
BROKER

Chris McColpin
Newmark
9 deals$259.5M volume
BROKER

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
BROKER

Andrew Cohen
Institutional Property Advisors
43 deals$3B volume
BROKER

JLL
BROKERAGE

Details

FINANCED
IMAGE: Chris McColpin, Marko Kazanjian, Max Herzog & Andrew Cohen DATE: 02/11/2022 ADDRESS: 1400 Rivery Blvd MARKET: Georgetown ASSET TYPE: Multifamily ~ UNITS: 228 ~ ACRES: 32 LENDER: QuadReal Finance Inc. LANDLORD: Old Three Hundred Capital BROKERS: Marko Kazanjian, Chris McColpin, Max Herzog & Andrew Cohen - JLL LOAN AMOUNT: $38,500,000 LOAN TYPE: Acquisition Loan LOAN TERMS: floating-rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,500,000.00

Monthly NOI$256,666.67
Monthly Debt Service$243,346.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00