Meridian Capital Group Secures $39.98M Loan For R&D Facility In Austin, TX

The transaction involves the financing of an R&D facility located in Austin, TX, encompassing a total of 142,329 square feet and consisting of 1 unit. The loan amount secured for this acquisition is $39,975,000 with a loan rate of sub 5.20% fixed and terms set for 5 years of interest-only payments.

Summary of transaction details:

• Property Type: R&D Facility
• Transaction Amount: $39,975,000
• Loan Type: Acquisition
• Loan Rate: Sub 5.20% fixed
• Loan Terms: 5 years interest-only
• Market: Austin, TX
• Asset Size: 142,329 SF
• Units: 1
• Broker Representatives: John Bianco & Kovi Elkus - Meridian Capital Group

The key individuals facilitating this transaction include John Bianco, serving as Senior Vice President, and Kovi Elkus, who holds the position of Senior Managing Director at Meridian Capital Group. Their expertise and involvement in securing the financing for this property highlight their roles in the acquisition process.