Values and Building Costs Continue to Increase

The Triangle is in Austin, which is in its 12th consecutive quarter of positive net absorption.

AUSTIN, TX—The Triangle, a mixed-use multifamily and retail complex, features 529 units. In addition, there are more than 35 on-site retailers, a city park, three pools with hot tubs, a 24-hour fitness zone, theater room and resident lounge located at 4600 West Guadalupe St.

A $78 million seven-year floating-rate refinance loan with a three-year interest-only feature was recently facilitated for the property by CBRE’s Brian Eisendrath, Brandon Smith and Annie Rice. The team represented the owner, Houston-based residential investor and developer, The Dinerstein Companies, which purchased the property in 2017. There were complicated negotiations with the state and the lender throughout the transaction, according to CBRE.