Updated Oct 29, 2024
Pegasus Real Estate Acquires Multifamily Asset In Pflugerville With Fannie Mae Financing
13838 The Lakes Blvd Pflugerville, TX 78660, USA
Units
350
Asset Type
MultiFamily
Closing
Aug 30, 2023
About this deal
AI
A 350-unit value-add multifamily property located at 13838 The Lakes Boulevard in Pflugerville has been sold by Newmark for an undisclosed price. The asset was acquired by Pegasus Real Estate with Fannie Mae financing.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Units: 350
- Market: Pflugerville
Patton Jones and Andrew Dickson from Newmark represented the buyer, Pegasus Real Estate, in the transaction, while Colin Cross, also from Newmark, acted as the mortgage broker.
Traded’s record for 13838 The Lakes Blvd Pflugerville, TX 78660, USA in Pflugerville, Texas covers a multifamily sale from 2023. Reported inventory is 350 units across 350 units. Andrew Dickson, Patton Jones, Colin Cross, Newmark appear on the sale alongside Newmark. This page is the Pflugerville, Texas file for the 13838 The Lakes Blvd Pflugerville, TX 78660, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Pflugerville sit in the Market section below. Filter that Pflugerville multifamily set by closing date to see what else sold near 13838 The Lakes Blvd Pflugerville, TX 78660, USA around 2023. Cite this Pegasus Real Estate Acquires Multifamily Asset In Pflugerville With Fannie Mae Financing sale when underwriting similar multifamily product around Pflugerville, Texas.
Players
Pflugerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93