Slatt Capital Arranges $102.5M Bridge Loan For Multifamily Property On N Interstate 35, Austin
8800 North Interstate Highway 35, Austin, TX, USA
$102,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 23, 2021
AI
8800-8900 N Interstate 35, a multifamily property in Austin, was recently involved in a closed transaction. The loan for this property was secured through a bridge loan in the amount of $102,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $102,500,000
- Address: 8800-8900 N Interstate 35
- Market: Austin
The loan was facilitated by John Darrow from Slatt Capital. His expertise and representation were instrumental in the successful acquisition of this multifamily property.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93