Arc Capital Partners Secures $19.5M Bridge Loan From BridgeInvest For Mixed-Use Property In Austin

The property asset involved in the transaction is a mixed-use development located at 2400 East Cesar Chavez Street, Austin. The asset spans a total square footage of 58,000 and has a loan amount of $19,500,000, facilitated through a bridge loan. The landlord for this property is Arc Capital Partners.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $19,500,000
• Loan Type: Bridge
• Lender: BridgeInvest
• Landlord: Arc Capital Partners
• Broker: Zachary Streit - Priority Capital Advisory

Key individuals involved in the transaction include Zachary Streit, Neville Rhone Jr., Jon Gitman, and Trent Brown, representing the brokerage efforts through Priority Capital Advisory, which facilitated the loan arrangement for the property.