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

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FINANCED
$19,500,000

Texas

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Mixed-use58,000 SF
Financed 01/10/2025
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FINANCED

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

2400 East Cesar Chavez Street

See Similar Deals
Mixed-use58,000 SF
Financed 01/10/2025
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Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$336
Total Square Footage:58,000 SF
Transaction Type:Loan

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:

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.

Players

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

BridgeInvest
LENDER

Details

FINANCED
IMAGE: Zachary Streit, Neville Rhone Jr., Jon Gitman & Trent Brown DATE: 01/10/2025 ADDRESS: 2400 East Cesar Chavez Street MARKET: Austin ASSET TYPE: Mixed-use ~ SF: 58,000 LENDER: BridgeInvest (@BridgeInvest) LANDLORD: Arc Capital Partners BROKER: Zachary Streit (@ZackdStreit) - Priority Capital Advisory (@PriorityCapitalPartners) LOAN AMOUNT: $19,500,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,500,000.00

Monthly NOI$130,000.00
Monthly Debt Service$123,253.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00