Updated Oct 29, 2024
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
About this deal
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.
The multifamily loan at 8585 Spicewood Springs Road, Austin, TX, USA in Austin, Texas financed for $27.9M in 2020. Reported inventory is 1,258 square feet across 244 units, or about 22.2K per square foot. Named participants on the 8585 Spicewood Springs Road, Austin, TX, USA loan are Josh Sasouness, Adam Sasouness. This page is the Austin, Texas file for the 8585 Spicewood Springs Road, Austin, TX, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else financed near 8585 Spicewood Springs Road, Austin, TX, USA around 2020. Published consideration for 8585 Spicewood Springs Road, Austin, TX, USA is $27.9M, dated 2020. Cite this Dwight Capital Provides $27.9M Loan For Multifamily Property At 8585 Spicewood Springs Road In Austin loan when underwriting similar multifamily product around Austin, Texas.
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