Langdon at Walnut Park
A multifamily property in Austin, Texas. Securitized in 1 CMBS deal in 2024.
$90.1MAppraised value (latest deal)
94.2%Occupancy
$5.0MUnderwritten NOI
5.5%Implied cap rate
- Address
- 12101 North Lamar Boulevard, Austin, TX 78753
- Property type
- Multifamily · Garden
- Year built
- 2018
- Size
- 277 Units
- Sponsor
- Adam Daneshgar and George Daneshgar
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2024-5C29 | 2024-09-18 | $90.1M | 94.2% | $5.0M | 5.5% | $60.0M | 66.6% | 1.29x | 424B |
Historical NOI reported in BBCMS 2024-5C29
| Period ending | NOI |
|---|---|
| 6/30/2024 | $3.7M |
| 12/31/2023 | $3.4M |
| 12/31/2022 | $2.9M |
More CMBS properties in Texas →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.