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Thorofare Capital Inc. Provides $24 Million Acquisition Loan For Austin Office Property

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FINANCED
$24,000,000
Scott Sumida
Henry Johnson
Eddie Prosser
+ 2

Texas

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Office131,275 SF
Financed 02/24/2022
the dealplayerscompscontact
Property Image
FINANCED

Thorofare Capital Inc. Provides $24 Million Acquisition Loan For Austin Office Property

7501 North Capital of Texas Highway, Austin, Texas 78731, United States

See Similar Deals
Office131,275 SF
Financed 02/24/2022
Scott Sumida
Henry Johnson
Eddie Prosser
+ 2
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$182
Total Square Footage:131,275 SF
Transaction Type:Loan

The property involved in the transaction is an office space located at 7501 N. Capital of Texas Highway in Austin. It spans a total of 131,275 square feet and is situated on a 24-acre plot of land. The transaction took place on February 24, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $24,000,000
  • Address: 7501 N. Capital of Texas Highway
  • Market: Austin
  • Square Footage: 131,275
  • Acres: 24

Thorofare Capital Inc., represented by David Perlman, provided an acquisition loan of $24,000,000 for the property. The landlord in the transaction is Urbana Partners. The selling party was The RMR Group. The brokers involved in the deal were Eddie Prosser, Henry Johnson, Scott Sumida, Tal Savariego, and Daniel Cohen, all representing Meridian Capital Group.

Players

Tal Savariego
Iron Hound Management Company
Tal Savariego
14 deals$532.7M volume(646) 795-5426
BROKER
Daniel Cohen
Meridian Capital Group
Daniel Cohen
13 deals$364.6M volume(212) 612-0285
BROKER
Eddie Prosser
Thorofare Capital
Eddie Prosser
3 deals$100.2M volume
BROKER
Henry Johnson
Thorofare Capital
Henry Johnson
2 deals$48M volume
BROKER
Scott Sumida
Thorofare Capital
Scott Sumida
2 deals$48M volume(424) 486-3215
BROKER
TG
The RMR Group
SELLER
Thorofare Capital
Thorofare Capital
LENDER
UP
Urbana Partners
LANDLORD

Details

FINANCED
IMAGE: David Perlman, Tal Savariego & Daniel Cohen DATE: 02/24/2022 ADDRESS: 7501 N. Capital of Texas Highway MARKET: Austin ASSET TYPE: Office ~ SF: 131,275 ~ ACRES: 24 LENDER: Thorofare Capital Inc. - David Perlman LANDLORD: Urbana Partners BROKERS: Eddie Prosser, Henry Johnson, Scott Sumida, Tal Savariego & Daniel Cohen - Meridian Capital Group SELLER: The RMR Group LOAN AMOUNT: $24,000,000 LOAN TYPE: Acquisition Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$24,000,000.00

Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00