Phil Schuhotz Of Origin Credit Advisers Provides $50M Refinance For 348-Unit Multifamily Property In Manor TX

The transaction involved a cash-out refinance for a multifamily property comprising 348 units located in Manor, Texas. The refinancing was executed with a loan amount of $50,000,000 through Origin Credit Advisers, catering to a newly constructed class A property that was 25% leased at the time of the executed term sheet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Lender: Phil Schuhotz - Origin Credit Advisers
• Originators: Richard Kourbage, Garvin Lee & Gillian McIlroy - Greystone; Jennifer Campbell - Cushman & Wakefield
• Market: Austin MSA
• Units: 348

The deal featured collaboration between Greystone and Cushman & Wakefield, highlighting the expertise of Richard Kourbage, Garvin Lee, and Gillian McIlroy, along with Jennifer Campbell. Their strategic partnership demonstrated a commitment to structuring creative financing solutions and instilled confidence in the lender regarding the asset and sponsorship.