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2239 Cromwell Circle, Austi...

Updated Mar 11, 2025

Wildhorn Capital Acquires Multifamily Property In Pleasant Valley, Austin For $33.5M
FINANCEDMultiFamily

Wildhorn Capital Acquires Multifamily Property In Pleasant Valley, Austin For $33.5M

2239 Cromwell Circle, Austin, TX 78741

$33,500,000

$173/SF

Building Size

193,300 SF

Asset Type

MultiFamily

Closing

Apr 4, 2020

About this deal

AI

Wildhorn Capital, represented by Reed Goossens, secured a loan of $33,500,000 for a multifamily property located at 2239 Cromwell Cir W in Austin's Pleasant Valley market. The loan was provided by Mesa West Capital. The transaction was facilitated by Newmark Knight Frank and Mesa West, with Brian Hirsh serving as the broker.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,500,000
  • Borrower: Wildhorn Capital - Reed Goossens
  • Lender: Mesa West Capital
  • Broker: Newmark Knight Frank & Mesa West - Brian Hirsh
  • Date: 04/05/20

Reed Goossens of Wildhorn Capital successfully secured the loan from Mesa West Capital for the multifamily property located on Cromwell Cir W in Austin's Pleasant Valley market. Newmark Knight Frank and Mesa West, represented by Brian Hirsh, played instrumental roles in facilitating the deal. This transaction highlights the ongoing activity and investment opportunities in the Austin real estate market.

Players

Mesa West Capital
Mesa West CapitalLender

Austin MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $173 per square foot on a published $33.5M for 193,300 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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