NewPoint Real Estate Capital Provides $35.3M Bridge Loan For 198-Unit Multifamily In Round Rock, TX
8100 County Rd 110, Round Rock, Texas 78665, United States
$35,300,000
Units
198
Asset Type
MultiFamily
Closing
Oct 20, 2022
AI
The multifamily property located at 8100 County Road 110 in Round Rock, TX has been involved in a recent closed transaction. The property consists of 198 units and was part of a loan deal.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $35,300,000
- Loan Type: Bridge Loan
- Loan Terms: Two-year, floating-rate loan with three one-year extension options
The lender in this transaction was NewPoint Real Estate Capital, represented by Brian Skurnik. The landlord of the property was River Rock Capital, represented by Mitchell Hammer. Additionally, the brokers involved in this deal were Judah Hammer and Daniel Neiss from Meridian Capital Group.
Players
Round Rock 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93