Barings Provides $135 Million Refinance Loan To Kenneth E. Aboussie, Jr. For Domain Tower 2

The property involved in this transaction is Domain Tower 2, a 332,265-square-foot office building located at 10025 Alterra Parkway in Austin, TX. The asset is a 24-story structure that is nearly half leased to PayPal following its 2024 expansion. It also accommodates Wise, Samsung, and ShiftKey. The refinancing loan provided is $135 million, replacing previous debt held by JPMorgan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $135,000,000
• Lender: Barings
• Landlord: Kenneth E. Aboussie, Jr. - Stonelake Capital Partners
• Leasing and Marketing Agent: HPI

Barings facilitated the refinancing for Stonelake Capital Partners, allowing them to manage their financial responsibilities for Domain Tower 2 effectively. The deal emphasizes the active leasing environment in the Austin market, showcasing significant tenants within the property and their contributions to the space's occupancy.