Bridge Loan

7551 Metro Center

7551 Metro Center
Austin, TX
325,354 SF of Office Space

Principals of Schelin Uldricks & Co. secured a $41MM bridge loan to refinance a 325k SF office campus in Austin, TX. The transaction enabled the owners to buy out 80% of the equity in a partnership dispute. The loan was non recourse and priced at L + 345 with a 3 year term and a future advance for leasing costs.

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