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Ledgestone Development Group Acquires Development Site In Austin With Loan From Maxim Capital Group

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FINANCED

Texas

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Development Site104,108 SF
Financed 05/02/2022
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FINANCED

Ledgestone Development Group Acquires Development Site In Austin With Loan From Maxim Capital Group

2001 West Anderson Lane, Austin, Texas 78757, United States

See Similar Deals
Development Site104,108 SF
Financed 05/02/2022
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Summary

TEXAS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:104,108 SF
Transaction Type:Loan

The development site located at 2001/2013 West Anderson Lane in Austin has been sold in a closed transaction. The property, with a lot size of 104,108 square feet, was part of a development project. The official plans for this lot are currently being drafted, as indicated by a note from the broker. The attached image shows a similar rendering of the future plans for the building.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: 2001/2013 West Anderson Lane, Austin
  • Market: Austin
  • Lot Size: 104,108 Sq Ft

The buyer, Ledgestone Development Group, represented by Cass Brewer and Jack Johannesmeyer, acquired the property in this transaction. The lender involved in the deal was Maxim Capital Group, with Adam Glick and Jason Bordenick representing the lending entity. The brokerage team that facilitated the transaction included Jordan Ray, Steven Buchwald, and Lexington Henn from Institutional Property Advisors.

Players

Jordan Ray
15 deals$637.1M volume(646) 470-2001
BROKER

Steven Buchwald
Institutional Property Advisors
23 deals$1.1B volume
BROKER

Lexington Henn
Institutional Property Advisors
12 deals$354.8M volume
BROKER

Maxim Capital Group
LENDER

Details

FINANCED
IMAGE: Jordan Ray, Steven Buchwald, Lexington Henn, Adam Glick & Jason Bordenick DATE: 05/02/2022 ADDRESS: 2001/2013 West Anderson Lane MARKET: Austin ASSET TYPE: Development Site ~ Lot Size: 104,108 Sq Ft BUYER: Ledgestone Development Group - Cass Brewer & Jack Johannesmeyer LENDER: Maxim Capital Group – Adam Glick (@adamglick_) and Jason Bordenick BROKERS: Jordan Ray (@JordRay1), Steven Buchwald (@AgentBuch6) & Lexington Henn (@HennHouse9) – Institutional Property Advisors NOTE FROM BROKER: The building image attached is a similar rendering for future plans, official plans for this lot are currently being drafted.

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Debt Service Coverage Ratio (DSCR)

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Max Loan Amount

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Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00