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27 Eleven Gets $70M Financing Leading to Green Building Certification
Financing was recently secured for 27 Eleven Apartments, a midrise multifamily property located in Austin. Senior Director Chad Bedwell of Berkadia’s Dallas office completed the $69.5 million loan on behalf of the borrower, California-based Paydar Properties.
The 40-year HUD 221(D)4 loan, financed through HUD’s Mortgage Insurance Program, features an interest rate below 3 percent and will achieve the National Green Building Standard certification upon completion.
Located at 2711 W Anderson Lane, 27 Eleven Apartments features 19 floorplans consisting of studio, one- and two-bedroom units, and commercial retail space on the ground floor. Community amenities include two courtyards, a club and lounge space, a swimming pool and a fitness center. The property is near the shops and restaurants along West Anderson Lane and Texas State Highway Loop 1 in the north-central portion of Austin.
For comments, questions or concerns, please contact Lisa Brown
- ◦Financing

