Offering Summary

Site: 1600 S 1st St, Austin, TX 78704

  • Preferred Return – 10% per year
  • Up to 2,400 Class A units at $5,000 per unit
  • Minimum 10 units ($50,000) per investor
  • 5% Preferred Returns are paid quarterly and remaining 5% is accrued till end of the project

Distributions Waterfall of Net Available Cash Flow from 1600 Condo Closings

1600 South First, LP Net Available Cash Flow will be distributed in the following order:

  1. 2/3 to 1600 South First, LP Class A limited partners and 1/3 to PSW Real Estate, LLC.
  2. 1600, LP Class A distributions will include return of capital and all accrued unpaid preferred return associated with the returned capital.
  3. PSW Real Estate, LLC repayment will not include a preferred return just return of capital.

- closed to new subscriptions -

Land Acres: 1.437
Number of Homes: 59
Average Price / Unit: $619,000
Average PSF: $582
Sales Velocity: 2.1 / mo

Sales + Construction Updates

Updated: 16 July 2021 | 11:00am CST

Revenue - Condos$36,525,015$36,525,015$36,525,015
Revenue - Commercial4 Suites Leased$-$23,300,000


We now have 4 commercial leases signed at Willa, with two tenants already starting tenant improvements in ‘Q2 and a third planned to start this quarter.

View Community


Check here for updates.