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
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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