facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

2800 La Frontera Boulevard

Updated Dec 4, 2024

Benefit Street Provides $105M Bridge Loan For 777-unit Multifamily In Round Rock
FINANCEDMultiFamily

Benefit Street Provides $105M Bridge Loan For 777-unit Multifamily In Round Rock

2800 La Frontera Boulevard

$105,000,000

$146/SF

Building Size

718,000 SF

Asset Type

MultiFamily

Closing

Feb 23, 2024

About this deal

AI

The multifamily property located at 2800 La Frontera Boulevard in Round Rock has a total of 777 units spanning 718,000 square feet. The property was part of a recent transaction involving a bridge loan.

Summary of transaction details:

The individuals and companies involved in this transaction include various key figures. The loan was facilitated by Benefit Street, and LYND acted as the landlord in this deal. The brokers representing the transaction were Ari Schwartzbard, Henry Stimler, William Weber, Clifford Welden, Ricky Warner, and Preston Podell from Newmark.

On the Map

Open live map

$105,000,000

$146/SF

MultiFamily

View full map

Players

William Weber

Newmark

Broker

$9.6B

vol

49 deals

Broker
Benefit Street Partners Realty
Benefit Street Partners RealtyLender
Bilt advertisement

Round Rock MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Deal FAQ

About $146 per square foot on a published $105M for 718,000 square feet (2024).

Visit Henry Stimler to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets