Barings Provides $135 Million Refinance Loan To Kenneth E. Aboussie, Jr. For Domain Tower 2
10025 Alterra Parkway
$135,000,000
$406/SF
Building Size
332,265 SF
Asset Type
Office
Closing
Jun 30, 2026
About this deal
AI
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.
On the Map
$135,000,000
$406/SF
Office
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Altair Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93