Kevin A. Shields Of Griffin Capital Secures $47 Million Loan For 1900 Parmer Apartments In Austin

The property involved in this transaction is 1900 Parmer Apartments, located at 1900 East Parmer Lane in Austin. This multi-family asset comprises 364 units and was 98% leased at the time of closing. MF1 Capital provided a refinancing loan amounting to $47,000,000, indicative of its value and stability in the current market conditions.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $47,000,000
• Address: 1900 East Parmer Lane
• Market: Austin
• Units: 364
• Lender: MF1 Capital
• Landlord: Kevin A. Shields - Griffin Capital
• Brokers: Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew (Matt) Robbins & Patrick Johnson - Berkadia

Berkadia's role in this transaction includes arranging the loan, reflecting its involvement in facilitating the financial aspect of the property. The individuals representing the landlords in the deal are Kevin A. Shields from Griffin Capital. The collaboration between the brokers from Berkadia highlights a strategic approach in navigating the refinancing process for 1900 Parmer Apartments.