MSD Partners Provides $130M Construction Loan For Austin Condo Development

84 East Avenue

4,720 SF

Summary

Loan

TEXAS

4,720 sqft

Pearlstone Partners and ATCO Properties & Management have secured a construction loan of $130,000,000 for a condominium development in Austin. The property, located at 84 E. Ave, consists of 284 units.

Summary of transaction details

Property Type: Condo
Transaction Amount: $130,000,000
Units: 284
Market: Austin

The loan for the development was provided by MSD Partners, with Gregg Lemkau representing the lender. Pearlstone Partners and ATCO Properties & Management acted as the landlords in the deal.

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Details

Deal Summary

FINANCED

IMAGE: Gregg Lemkau DATE: 11/19/2021 ADDRESS: 84 E. Ave MARKET: Austin ASSET TYPE: Condo ~ UNITS: 284 LENDER: MSD Partners - Gregg Lemkau LANDLORD: Pearlstone Partners and ATCO Properties & Management LOAN AMOUNT: $130,000,000 LOAN TYPE: Construction

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Address84 East Avenue

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