HN Capital Partners Secures $26.65M Loan For Office And Retail Development In Austin
4713 E Cesar Chavez St, Austin, TX 78702, USA
$26,650,000
$7,402/SF
Building Size
3,600 SF
Asset Type
Office
Closing
Jun 11, 1920
About this deal
AI
An office and retail development located at 4713 East Cesar Chavez Street in Austin's Govalle market has been involved in a closed loan transaction.
Summary of transaction details:
- Property Type: Office and retail development
- Transaction Amount: $26,650,000
- Borrower: HN Capital Partners – Vipin Nambiar
- Lender: Bank OZK – George G Gleason II
- Broker: JLL Capital Markets
The loan was provided by Bank OZK, with George G Gleason II representing the lender. The borrower in this transaction is HN Capital Partners, represented by Vipin Nambiar. The deal was brokered by JLL Capital Markets, but no further details about the broker or its representatives were provided.
On the Map
$26,650,000
$7,402/SF
Office
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Austin Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93