TerraCap Management Acquires MultiFamily Property In Cedar Park, TX For Walker & Dunlop
3440 Ranch Trails, Cedar Park, TX, 78...
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The property involved in this transaction is Latitude at Presidio, a 337-unit apartment community located at 3440 Ranch Trails, Cedar Park, TX, within the Cedar Park market. The apartment complex includes one-, two- and three-bedroom units, with an average size of 959 square feet. The property is equipped with various amenities, such as a pool, game room, outdoor grilling and dining stations, fitness center, coffee bar, and a dog park.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not Disclosed
- Address: 3440 Ranch Trails, Cedar Park, TX
- Market: Cedar Park
- Seller's Representative: Matt Pohl-Walker & Dunlop
- Buyer: TerraCap Management
Matt Pohl and Kevin Dufour from Walker & Dunlop represented the undisclosed seller in this transaction, facilitating the acquisition by the Florida-based investment firm TerraCap Management.
Players
Cedar Park 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