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5001 East Ben White Boulevard

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

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

5001 East Ben White Boulevard

$21

$0/SF

Building Size

125,000 SF

Asset Type

Industrial

Closing

Jan 9, 2025

AI

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 Streit

Priority Capital Advisory

Broker

$1.1B

vol

26 deals

Broker
Priority Capital Advisory
Priority Capital AdvisoryBrokerage
P
PlaceMKRLandlord

Austin Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

755380.95%

Cash-on-Cash

-215890.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93