Updated Oct 28, 2024
DB Capital Acquires Multifamily Property In Austin With Loan Recapitalization
522 North Lamar Boulevard, Austin, Texas 78753, United States
Units
192
Asset Type
MultiFamily
Closing
Sep 26, 2022
About this deal
AI
The multifamily property located at 522 N. Lamar Blvd. in Austin has been involved in a loan transaction. The property consists of 192 units and belongs to DB Capital, Brennen Degner, and CrowdStreet. The loan type for this transaction is recapitalization.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 522 N. Lamar Blvd.
- City: Austin
- Market: Austin
- Units: 192
The deal involves DB Capital, Brennen Degner, and CrowdStreet as the landlords. They are represented by Brennen Degner & CrowdStreet.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93