EastWest Bank Provides $21.5 Million Bridge Loan For Industrial Property At 5001 East Ben White Boulevard

This transaction involves an industrial asset located at 5001 East Ben White Boulevard in the Austin market. The total square footage of the property is 125,000. A bridge loan was secured for a total amount of $21,500,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,500,000
• Address: 5001 East Ben White Boulevard
• Market: Austin
• Lender: EastWest Bank
• Landlord: Christopher Cortese & Jesse Weber - PlaceMKR
• Broker: Zachary Streit - Priority Capital Advisory
• Loan Type: Bridge
• Loan Terms: N/a

The key individuals involved in this transaction include the landlords, Christopher Cortese and Jesse Weber who represent PlaceMKR, and the broker Zachary Streit from Priority Capital Advisory, who facilitated the loan arrangement with EastWest Bank.