Updated Dec 23, 2025
Jordan Furman Of Ascent Holdings Secures $14 Million JV Equity For Multifamily Development In El Paso
6650 TX-16 SpurEl Paso, TX 79932, USA
$14,000,000
$54/SF
Building Size
255,920 SF
Asset Type
MultiFamily
Closing
Oct 23, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily development located at 6650 TX-16 Spur in El Paso, TX. The development comprises 276 units, offering a total square footage of 255,920. The investment includes a joint venture equity placement amounting to $14,000,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Units: 276
- Square Footage: 255,920
- Address: 6650 TX-16 Spur
- Market: Northwest Submarket - El Paso, TX
- Joint Venture Partner: Multi-family Office
- Landlord: Jordan Furman - Ascent Holdings
- Brokers: Simon Goldstein & Jon Livi - Buckingham Advisors
- Equity Type: JV Equity
The deal was facilitated by Buckingham Advisors, who provided the $14 million JV equity placement. The individuals involved in this transaction include Jordan Furman representing Ascent Holdings, alongside brokers Simon Goldstein and Jon Livi from Buckingham Advisors.
Players
Strawn 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93