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