JOHNSON CAPITAL ARRANGES $23M MIXED-USE LOAN

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AUSTIN — John Capital has secured a $23 million loan to refinance a 87,500-square-foot mixed-use development, located at 5th Street and Lamar in downtown Austin. The development also includes a four-level parking garage. The retail portion is leased by several tenants, including West Elm, and the office space is fully leased to HomeAway. Scott Monroe of Johnson Capital arranged the 10-year loan with a 30-year amortization schedule through a Wall Street conduit lender to refinance a construction loan.

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