Updated Jul 22, 2026
TWG Development Secures $42.75 Million Refinance Loan From Balbec Capital For Baton Rouge Multifamily Asset
10231 Bluebonnet Boulevard
$42,750,000
Units
301
Asset Type
MultiFamily
Closing
Jun 17, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily unit consisting of 301 units located at 10231 Bluebonnet Boulevard in Baton Rouge, LA. The transaction involves a refinance loan amounting to $42,750,000 for the landlord, TWG Development.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,750,000
- Date of Transaction: 6/18/2026
- Lender: Balbec Capital LP
- Landlord: TWG Development
- Brokers: Michael Zaremski & Clayton Ross - JLL
Key individuals in this transaction include brokers Michael Zaremski and Clayton Ross, who represent TWG Development in securing the refinancing loan from Balbec Capital LP.
On the Map
$42,750,000
MultiFamily
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Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93