$3.975 MM – Event property and recording studio Austin TX

  • Loan Amount: $3,975,000
  • LTV: 35%
  • Interest Rate: 8.99%
  • Term: 2 Years

Description

The subject property is known as Music Hill Ranch and was previously owned by the Dixie Chicks as a retreat and recording studio. It has 18,000 sq ft of buildings on 7 acres. The property is rented for corporate retreats and to artists for recording. Avatar’s loan will refinance the current debt and hold $500,000 in a construction reserve to make additional improvements to enhance the property’s cash flow.

  • Loan Type: Multifamily Bridge
  • Loan Amount Range: $1M - $4.99M

This style property is located in Austin is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.

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AVATAR FINANCIAL GROUP

1200 Westlake Avenue N, #1006
Seattle, WA 98109

Office: 206.728.5900
Toll-Free: 1.888.886.0097

For information about loan programs or loan
requests, email us at:
[email protected]

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