Updated Oct 29, 2024
Paydar Properties Secures $69.5M Loan For Austin Multifamily Property
2711 West Anderson Lane, Austin, TX, USA
$69,500,000
$587/SF
Building Size
118,396 SF
Asset Type
MultiFamily
Closing
Feb 1, 2021
About this deal
AI
The multifamily property located at 2711 W Anderson Lane in Austin was recently involved in a closed transaction. The property is owned by Paydar Properties. The transaction was facilitated by Chad Bedwell from Berkadia.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $69,500,000
- Loan Terms: 40-year HUD 221(D)4 loan
The loan amount for this transaction was $69,500,000, and it was obtained through a 40-year HUD 221(D)4 loan.
The multifamily loan at 2711 West Anderson Lane, Austin, TX, USA in Austin, Texas financed for $69.5M in 2021. The building is 118,396 square feet, implying about 587 per square foot on the published price. Chad Bedwell, Berkadia appear on the loan alongside Berkadia. This page is the Austin, Texas file for the 2711 West Anderson Lane, Austin, TX, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else financed near 2711 West Anderson Lane, Austin, TX, USA around 2021. Published consideration for 2711 West Anderson Lane, Austin, TX, USA is $69.5M, dated 2021. Cite this Paydar Properties Secures $69.5M Loan For Austin Multifamily Property loan when underwriting similar multifamily product around Austin, Texas.
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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93