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8350 Bluff Springs Road, Au...

Redwood Capital Group Acquires Multifamily Property In Austin From Seller Hudgins Companies & Maverick Development Group
SOLDMultiFamily

Redwood Capital Group Acquires Multifamily Property In Austin From Seller Hudgins Companies & Maverick Development Group

8350 Bluff Springs Road, Austin, TX 78744

Building Size

1,286,327 SF

Asset Type

MultiFamily

Closing

Sep 3, 2021

AI

The recently closed property transaction in Austin involved a multifamily asset located at 8350 Bluff Springs Rd. The property consists of 381 units and was sold on 09/03/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 8350 Bluff Springs Rd
  • Market: Austin
  • Units: 381

The buyer of the property was Redwood Capital Group, while the sellers were Hudgins Companies and Maverick Development Group. The deal was facilitated by brokers John Carr and Ben Fuller from Cushman & Wakefield.

Players

John Carr

Cushman & Wakefield

Broker

9 deals

Broker
RG
Redwood Capital GroupBuyer

Austin 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