CBRE Arranges Acquisition Financing for 166-Unit Multifamily Asset in Metro Austin
CEDAR PARK, TEXAS — CBRE has arranged an undisclosed amount of permanent acquisition financing for The View at Cedar Park, a 166-unit multifamily community located on the northern outskirts of Austin in Cedar Park. The property was completed in 2017 and features amenities such as a pool, fitness center, business center and a dog park. Benjamin Roelke and Ian Walker of CBRE arranged the loan, which carried a five-year term and a fixed interest rate, through an undisclosed life company on behalf of the borrower, Horizon Realty Advisors. The new ownership will implement a value-add program.