Franklin BSP Realty Trust Refinances Alexan Waterloo Multifamily Property In Downtown Austin For $80M

The luxury high-rise multifamily property, Alexan Waterloo, located at 700 East 11th Street in downtown Austin, has been refinanced with an $80 million loan provided by Franklin BSP Realty Trust. The property consists of 272 units and is part of the thriving Austin market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Address: 700 East 11th Street
• Market: Austin
• Lender: Franklin BSP Realty Trust, Inc - Michael Comparato
• Landlord: Crow Holdings Capital - Michael Levy
• Loan Type: Refinance
• Loan Terms: two-year initial term and three one-year extension options

Franklin BSP Realty Trust, Inc, represented by Michael Comparato, closed the $80 million loan to refinance the Alexan Waterloo property. This transaction signifies the company's strategic focus on expanding its presence in the multifamily market by taking advantage of credit opportunities. Crow Holdings Capital, represented by Michael Levy, serves as the landlord for the property.