Lynd Living Secures $41.2M Bridge Loan For 250-Unit Multifamily Property In Austin With Greystone

Lynd Living has secured a $41.2 million bridge loan for the acquisition of a multifamily property located at 10015 Lake Creek Pkwy in Austin. The property, consisting of 250 units, is situated in a prime location within the Austin market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,200,000
• Address: 10015 Lake Creek Pkwy
• Market: Austin
• Units: 250

The borrower in this transaction is Lynd Living, represented by A. David Lynd. The lender is greystone''>Greystone, represented by Steven Vainer. The loan has a 36-month term with two 1-year extension options, providing flexibility for the borrower.