FINANCEDMultiFamily
Dwight Capital Provides $27.9M Loan For Multifamily Property At 8585 Spicewood Springs Road In Austin
8585 Spicewood Springs Road, Austin, TX, USA
$27,900,000
$22,178/SF
Building Size
1,258 SF
Asset Type
MultiFamily
Closing
Oct 28, 2020
AI
The property involved in this transaction is a multifamily asset located at 8585 Spicewood Springs Road in Austin. It consists of 244 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,900,000
- Market: Austin
The loan for this transaction was provided by Dwight Capital, represented by Adam Sasouness and Josh Sasouness.
Players
Austin 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93