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DreamField Capital Secures $23.4 Million Loan From Mesa West Capital For 200-Unit Multifamily Property

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FINANCED
$23,400,000

Texas

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MultiFamily
Financed 08/18/2025
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Property Image
FINANCED

DreamField Capital Secures $23.4 Million Loan From Mesa West Capital For 200-Unit Multifamily Property

5001 Convict Hill Road

See Similar Deals
MultiFamily
Financed 08/18/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves a 200-unit multifamily property located at 5001 Convict Hill Road in the Austin market. The property is undergoing a five-year debt acquisition and renovation process, enhancing its facilities while targeting the high demand supported by local employers and amenities.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $23,400,000
  • Lender: Brian Hirsh, JJ McMahon & Hoony Shin - Mesa West Capital
  • Landlord: DreamField Capital
  • Units: 200

The deal is significant as it is backed by Mesa West Capital, which provides financial support for DreamField Capital's plans to upgrade the largely unrenovated community. The loan will facilitate interior enhancements and a full-scale repositioning of the property to meet market demands.

Players

Mesa West Capital
Mesa West Capital
LENDER
Mesa West Capital
Mesa West Capital
LENDER
Mesa West Capital
Mesa West Capital
LENDER

Details

FINANCED
IMAGE: Brian Hirsh, JJ McMahon & Hoony Shin DATE: 08/18/2025 ADDRESS: 5001 Convict Hill Road MARKET: Austin ASSET TYPE: MultiFamily ~ UNITS: 200 LENDER: Brian Hirsh, JJ McMahon & Hoony Shin - Mesa West Capital LANDLORD: DreamField Capital LOAN AMOUNT: $23,400,000 NOTE: Mesa West Capital provided DreamField Capital with $23.4M in five-year debt to acquire and renovate a 200-unit multifamily property in Southwest Austin. The loan will fund interior upgrades and a full-scale repositioning of the largely unrenovated community, targeting high demand driven by area employers and amenities.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,400,000.00

Monthly NOI$156,000.00
Monthly Debt Service$147,903.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00