TWG Development Secures $42.75 Million Refinance Loan From Balbec Capital For Baton Rouge Multifamily Asset
10231 Bluebonnet Boulevard
$42,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 17, 2026
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.
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