Origin Credit Advisers Provides $50 Million Bridge Loan For 348-Unit Multifamily Development In Manor TX

The property asset involved in this transaction is a multifamily development with 348 units located at 16601 East Braker Lane, Manor, TX. The total loan amount associated with this asset is $50,000,000, which is classified as a bridge loan. The development is part of a larger planned mixed-use community that includes 7,500 residences in the Austin area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Asset Address: 16601 East Braker Lane
• Market: Manor, TX
• Lender: Tom Briney - Origin Credit Advisers
• Units: 348
• Loan Type: Bridge

The transaction involved Tom Briney representing Origin Credit Advisers, who secured the $50 million bridge loan for the Evergreen at Whisper Valley development. This deal brings the total financing for the property to $159.7 million across three bridge transactions completed in the past 45 days, reflecting the current dynamics in the multifamily market.