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MSD Partners Provides $124M Loan For Mixed-Use Property In Austin

Property Image
FINANCED
$124,000,000
Chase Tagen
Daniel (Dan) Morin
Dustin Stolly
+ 3

Texas

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Office207,000 SF
Financed 08/16/2022
the dealplayerscompscontact
Property Image
FINANCED

MSD Partners Provides $124M Loan For Mixed-Use Property In Austin

218 South Lamar Boulevard, Austin, Texas 78704, United States

See Similar Deals
Office207,000 SF
Financed 08/16/2022
Chase Tagen
Daniel (Dan) Morin
Dustin Stolly
+ 3
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$599
Total Square Footage:207,000 SF
Transaction Type:Loan

Located at 218 South Lamar Boulevard in Austin, this mixed-use property spans 207,000 square feet and sits on 1.26 acres. The asset type is a mix of commercial and residential spaces.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $124,000,000
  • Address: 218 South Lamar Boulevard
  • Market: Austin
  • Square Footage: 207,000
  • Acres: 1.26

The loan for this transaction was provided by MSD Partners. The property is managed by Generational Commercial Properties, with Joseph Llamas as the landlord, in collaboration with Fairway Real Estate. The deal was facilitated by brokers from Newmark, including Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Chase Tagen, and Dan Morin.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
267 deals$49.4B volume
BROKER
Nick Scribani
Newmark
Nick Scribani
193 deals$55.3B volume(212) 372-2113
BROKER
Christopher (Chris) Kramer
Newmark
Christopher Kramer
114 deals$23B volume(212) 850-5472
BROKER
Daniel (Dan) Morin
Newmark
Daniel Morin
11 deals$1.2B volume
BROKER
Chase Tagen
Newmark
Chase Tagen
20 deals$8.7B volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
324 deals$97.5B volume
BROKER
MSD Partners
MSD Partners
LENDER
GP
Generational Commercial Properties
LANDLORD
FE
Fairway Real Estate
LANDLORD

Details

FINANCED
IMAGE: Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Chris Kramer, Chase Tagen & Dan Morin DATE: 08/16/2022 ADDRESS: 218 South Lamar Boulevard MARKET: Austin ASSET TYPE: Mixed-use ~ SF: 207,000 ~ ACRES: 1.26 LENDER: MSD Partners LANDLORD: Generational Commercial Properties - Joseph Llamas; Fairway Real Estate BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays), Chris Kramer, Chase Tagen & Dan Morin - Newmark (@Newmark) LOAN AMOUNT: $124,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$124,000,000.00

Monthly NOI$826,666.67
Monthly Debt Service$783,764.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00