Trinity Street Capital Partners Provides $110M Bridge Loan For North Austin Multifamily Complex | Trinity Street Capital Partners (TSCP), a full service real estate investment bank, announces the origination of a $110MM bridge loan for a 840 unit multifamily project, in Austin, TX | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

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.

Details

Deal Summary

FINANCED

IMAGE: 05/04/2023 ADDRESS: MARKET: North Austin ASSET TYPE: Multifamily ~ UNITS: 840 ~ ACRES: 29.1 LENDER: Trinity Street Capital Partners LOAN AMOUNT: $110,000,000 LOAN TYPE: Bridge Loan LOAN TERMS: 5 year term, achieved a 106% loan-to-cost (75% loan-to-value) and had low fixed rate, with no amortization (interest only) NOTE: Trinity Street Capital Partners (TSCP) provided a bridge loan with a five-year term, 106% loan-to-cost, and low fixed rate for a 29.1-acre garden-style apartment complex in North Austin, Texas, featuring 656 one-bedroom and 184 two-bedroom units and amenities such as a clubhouse, pool, and gym. Amid rising interest rates and economic uncertainty, TSCP continues to expand its bridge lending programs across the US, offering non-recourse, high-leverage financing for commercial real estate, with a focus on property economics, market statistics, and sponsorship.

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AddressTrinity Street Capital Partners (TSCP), a full service real estate investment bank, announces the origination of a $110MM bridge loan for a 840 unit multifamily project, in Austin, TX

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