Trinity Street Capital Partners Provides $110M Bridge Loan For North Austin Multifamily Complex

A bridge loan with a five-year term, 106% loan-to-cost, and low fixed rate was provided by Trinity Street Capital Partners (TSCP) for a 29.1-acre garden-style apartment complex in North Austin, Texas. The property features 840 units, including 656 one-bedroom units and 184 two-bedroom units. Amenities such as a clubhouse, pool, and gym are also available.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $110,000,000
• Units: 840
• Acres: 29.1
• Market: North Austin

TSCP continues to expand its bridge lending programs across the US, offering non-recourse, high-leverage financing for commercial real estate. Their focus is on property economics, market statistics, and sponsorship.