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Brendan Whalen Of Park Property Capital And Joseph Keough Of Wood Partners Secure $38.7M Loan In Austin

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FINANCED
$38,700,000

Texas

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MultiFamily
Financed 10/09/2025
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Property Image
FINANCED

Brendan Whalen Of Park Property Capital And Joseph Keough Of Wood Partners Secure $38.7M Loan In Austin

8527 Burnet Road

See Similar Deals
MultiFamily
Financed 10/09/2025
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The Albright is a 261-unit multifamily property located at 8527 Burnet Road in Austin, Texas. The property was recently completed last year and has secured a floating-rate loan with a total value of $38,700,000.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $38,700,000
  • Lender: ACRES Commercial Realty
  • Landlord: Brendan Whalen - Park Property Capital
  • Landlord: Joseph Keough - Wood Partners
  • Loan Terms: Two-year financing, pegged at SOFR + 260 bps

The financing for the property was arranged by JLL. This loan contributes to the overall investment strategy pursued by Park Property Capital and Wood Partners in the multifamily sector of the Austin market.

Players

Wood Partners
Wood Partners
BROKERAGE
Joseph Keough
Wood Partners
Joseph Keough
8 deals$639M volume
LANDLORD

Details

FINANCED
IMAGE: Brendan Whalen & Joseph Keough DATE: 10/09/2025 ADDRESS: 8527 Burnet Road MARKET: Austin ASSET TYPE: MultiFamily ~ UNITS: 261 LENDER: ACRES Commercial Realty LANDLORD: Brendan Whalen - Park Property Capital & Joseph Keough - Wood Partners (@WoodPartnersOfficial) LOAN AMOUNT: $38,700,000 NOTE: ParkProperty Capital and Wood Partners secured a $38.7 million floating-rate loan from ACRES Commercial Realty for The Albright, a 261-unit multifamily property in Austin, Texas. The two-year financing, arranged by JLL and pegged at SOFR + 260 bps, follows the property’s completion last year near Burnet Road.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,700,000.00

Monthly NOI$258,000.00
Monthly Debt Service$244,610.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00