SPI Advisory Secures $40M Acquisition Loan For 309-Unit Multifamily In Austin

A multifamily property located at 609 Clayton Ln in Austin has been involved in a closed transaction. The property consists of 309 units and was acquired by SPI Advisory.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Loan Type: Acquisition
• Loan Terms: Five-year, floating rate loan
• Borrower: SPI Advisory
• Lender: Mesa West Capital
• Brokers: Andy Scott & Michael Cosby - JLL Capital Markets

The loan for this transaction was provided by Mesa West Capital. The loan amount was $40,000,000, and it was an acquisition loan with a term of five years and a floating interest rate. Andy Scott and Michael Cosby, representing JLL Capital Markets, acted as brokers in the deal.