Beach Point Capital Management & Maxim Capital Group Provides $32M Acquisition Loan For Austin Hotel | 6121 North Interstate Highway 35 | Maxim Capital Group, Beach Point Capital Management | Hotel | Loan

Summary

Loan

TEXAS

Hotel

515,000 sqft

Located at 6121 North Interstate Highway 35 in Austin, this hotel property covers a total area of 515,000 square feet and sits on 7.9 acres of land. The hotel features 293 keys, making it a sizable establishment in the area.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $32,000,000
Lender: Beach Point Capital Management and Maxim Capital Group - Jason Bordenick & Adam Glick
Landlord: ASAP Holdings
Loan Type: Acquisition Loan

The loan for this property was provided by Beach Point Capital Management and Maxim Capital Group, with Jason Bordenick and Adam Glick representing the lenders. The loan amount for the acquisition was $32,000,000. The landlord for the property is ASAP Holdings.

Players

All
2

Lenders
2

Maxim Capital Group

Beach Point Capital Management

Details

Deal Summary

FINANCED

IMAGE: Jason Bordenick & Adam Glick DATE: 10/04/2022 ADDRESS: 6121 North Interstate Highway 35 MARKET: Austin ASSET TYPE: Hotel ~ KEYS: 293 ~ SF: 515,000 ~ ACRES: 7.9 LENDER: Beach Point Capital Management; Maxim Capital Group (@MaximCapitalGroup) - Jason Bordenick & Adam Glick (@AdamGlick_) LANDLORD: ASAP Holdings LOAN AMOUNT: $32,000,000 LOAN TYPE: Acquisition Loan

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Address6121 North Interstate Highway 35

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