Cumby Group Acquires Development Site For 147 Units In East Austin With $37M Construction Loan From RMWC | 3219 Manor Road | RMWC | Mark Niman | Development Site | Loan

Summary

Loan

TEXAS

Development Site

The development site located at 3219 Manor Road in East Austin has been sold in a closed transaction. The property spans 1.6 acres and consists of 147 units. The transaction took place on 04/21/2022.

Summary of transaction details

Property Type: Development Site
Address: 3219 Manor Road
Market: East Austin
Units: 147
Acres: 1.6

The lender, rmwc''>RMWC, provided a construction loan of $37,000,000 for the transaction. The landlord of the property is Cumby Group. Mark Niman from BayBridge Real Estate Capital represented the buyer as the broker in the deal.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Mark Niman

Executive Managing Director

BayBridge Real Estate Capital

RMWC

Details

Deal Summary

FINANCED

IMAGE: Mark Niman DATE: 04/21/2022 ADDRESS: 3219 Manor Road MARKET: East Austin ASSET TYPE: Development Site ~ UNITS: 147 ~ ACRES: 1.6 LENDER: RMWC LANDLORD: Cumby Group (@Cumby.Group) BROKER: Mark Niman - BayBridge Real Estate Capital LOAN AMOUNT: $37,000,000 LOAN TYPE: Construction Loan

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Address3219 Manor Road

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