MSD Capital Provides $500M Recapitalization Loan For Mixed-Use Property In Austin

The mixed-use property located at 1009-1011 South Congress Avenue in Austin was recently involved in a closed transaction. The property spans approximately 2 acres and is situated in the bustling market of Austin.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $500,000,000
• Date: 01/12/2022
• Lender: MSD Capital
• Landlord: Turnbridge Equities - Andrew Joblon

The deal involved a recapitalization loan of $500,000,000. The loan was secured from MSD Capital, providing the necessary funds to support the transaction. Turnbridge Equities, represented by Andrew Joblon, acted as the landlord in this transaction.