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

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FINANCED
$21

Texas

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Industrial125,000 SF
Financed 01/09/2025
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FINANCED

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

5001 East Ben White Boulevard

See Similar Deals
Industrial125,000 SF
Financed 01/09/2025
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:125,000 SF
Transaction Type:Loan

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.

Players

Zachary (Zack) Streit
29 deals$957.8M volume
BROKER

Priority Capital Advisory
BROKERAGE


LANDLORD

Details

FINANCED
IMAGE: Christopher Cortese, Jesse Weber & Zachary Streit DATE: 01/09/2025 ADDRESS: 5001 East Ben White Boulevard MARKET: Austin ASSET TYPE: Industrial ~ SF: 125,000 LENDER: EastWest Bank LANDLORD: Christopher Cortese & Jesse Weber - PlaceMKR BROKER: Zachary Streit (@ZackdStreit) - Priority Capital Advisory (@PriorityCapitalPartners) LOAN TYPE: Bridge LOAN TERMS: N/a LOAN AMOUNT: $21,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.03x

Max Loan Amount

$21.50

Monthly NOI$0.14
Monthly Debt Service$0.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00