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10231 Bluebonnet Boulevard

TWG Development Secures $42.75 Million Refinance Loan From Balbec Capital For Baton Rouge Multifamily Asset
FINANCEDMultiFamily

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:

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

Michael Zaremski

JLL

Broker

$1.2B

vol

18 deals

Broker
Balbec Capital LP
Balbec Capital LPLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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