Austin Mezzanine Loan Closing Announcement
Gulfstream Capital Group is pleased to announce the closing of a mezzanine loan on an infill, existing multifamily property in the South Congress submarket of Austin, Texas.
- Mezzanine loan: Funded the GP’s purchase of all LP interests and pre-development costs associated with potential future development of the property
- Combined leverage of first and mezzanine loans are an attractive LTV relative to existing operations and land value
- Asset Quality: Existing asset is Class C apartments with proven track record of cash flow
- Location: Infill location on major thoroughfare with multiple multifamily and retail developments recently completed or under construction in the immediate area
| Location: | Austin, Texas |
| Type: | Class C Multifamily |
| Units: | Potential redevelopment includes over 500 units |
| Square Feet: | Approximately 425,000 SF of developable land |
| Structure: | Mezzanine loan |
| Closing: | March 2015 |
ABOUT
GULFSTREAM CAPITAL GROUP, LLC is a Real Estate Investment Manager located in Dallas, Texas focused on the nationwide acquisition of Multifamily and Mixed-Use Real Estate, including Conventional, Condominiums, Senior and Student Housing.
Under no circumstances should any information presented on this website be construed as an offer to sell, or solicitation of an offer to purchase any securities or other investments. This website does not contain the information that an investor should consider or evaluate to make a potential investment. Offering materials relating to investments in entities managed by Gulfstream Capital Partners are not available to the general public.×
