Updated Mar 11, 2025
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
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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93