Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Austin  + Apartments  |  November 12, 2024
Muir Lake Apartments
Mike Boyd
By: Mike Boyd

Austin-Area Investor Obtains $63M Refi on 332-Unit Apartment Community

Old Three Hundred Capital obtained a loan for $63 million for the Muir Lake apartments in Cedar Park. The 332-unit project came online in 2024. LoanCore Capital originated the loan for the refinancing of the rental community 19 miles south of Austin.

Commercial Edge reports previous financing included a $61.4 million permanent loan originated by Walton Street Capital in June 2021.

The property consists of 20 three-story buildings spread across more than 46 acres. The unit mix comprises one- and two-bedroom layouts ranging between 654 and 1,700 square feet. Common-area amenities include a fitness center, sauna, swimming pool with sundeck and game area, outdoor kitchen, business center and indoor spa with water feature. Additionally, the community has a eucalyptus steam room, a coffee and tea bar, a clubhouse, a picnic area with barbecue grills, as well as fireplace lounges.

Located at 12600 Avery Ranch Blvd., Muir Lake Apartments is close to Parkline Shopping Center.

Connect

Inside The Story

Old Three Hundred Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
Order Reprints
  • ◦Financing
New call-to-action
New call-to-action