BridgeInvest Closes a $19.5 MM Refinance Loan in Austin, TX

1st Priority Mortgage Loan

Loan Amount
$19,500,000
Property Type
Retail and Creative Office
Location
Austin, TX

BridgeInvest is excited to announce the closing of a $19.5 million refinance loan that is senior secured by a 66,000 SF retail-driven commercial complex in Austin, TX. The Sponsor will continue to lease the asset before their target sale in 2026.

 

Transaction Highlights:

  • Institutional Sponsorship
  • Partially Up-Zoned for Multifamily Development Increasing Value
  • Mixed-Use property with 50% retail and 50% creative office
  • Burgeoning East Austin Submarket
Transaction media