facebook
Traded Co logo
Submit

NorthMarq Facilitates $2.7M Acquisition Loan For Multifamily Property In Austin

Property Image
FINANCED
$2,700,000

Texas

See Similar Deals
MultiFamily20,400 SF
Financed 03/30/2021
the dealplayerscompscontact
Property Image
FINANCED

NorthMarq Facilitates $2.7M Acquisition Loan For Multifamily Property In Austin

8930 Galewood Drive, Austin, TX, USA

See Similar Deals
MultiFamily20,400 SF
Financed 03/30/2021
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$132
Total Square Footage:20,400 SF
Transaction Type:Loan

A multifamily property located at 8930 Galewood Drive in Austin has been involved in a recent closed transaction. The property consists of 48 units and was acquired through an acquisition loan. The loan amount for the transaction was $2,700,000. The deal was facilitated by Chase Johnson from NorthMarq.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Address: 8930 Galewood Drive
  • Market: Austin
  • Loan Type: Acquisition Loan
  • Units: 48

Chase Johnson from NorthMarq played a key role as the broker in this transaction. They were responsible for representing the buyer in the deal.

Players

Chase Johnson
Cushman & Wakefield
Chase Johnson
6 deals$221.4M volume
BROKER
NorthMarq
NorthMarq
BROKERAGE

Details

FINANCED
IMAGE: Chase Johnson DATE: 03/30/2021 ADDRESS: 8930 Galewood Drive MARKET: Austin ASSET TYPE: Mutifamily BROKER:  Chase Johnson - NorthMarq LOAN AMOUNT: $2,700,000 LOAN TYPE: Acquisition Loan UNITS: 48

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,700,000.00

Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00