Beacon Real Estate Group And Constellation Group Secure Refinance Loan For 259-Unit Multifamily Property

The property asset involved in this transaction is a multifamily building located at 665 Bagdad Road in Leander, comprising 259 units. The deal included a refinance loan facilitated by LaSalle, which provided financing for the landlords, Beacon Real Estate Group and Constellation Group, under a specific loan agreement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Market: Leander
• Units: 259
• Lender: LaSalle
• Landlords: Beacon Real Estate Group & Constellation Group
• Loan Type: Refinance
• Loan Terms: Three-year term with two 12-month extension options
• Brokers: Scott Wadler, Matthew Nihan, Mitch Sinberg, Brad Williamson & Matthew Robbins - Berkadia

The transaction features a collaborative effort from multiple brokers at Berkadia, who played a significant role in structuring the refinance deal, showcasing their expertise in multifamily property transactions in the Leander market. The lenders and preferred equity providers involved contributed to the financing strategy that supports the landlords' long-term investment goals.