Crow Holdings Capital has obtained $80 million for the refinancing of Alexan Waterloo, a 272-unit luxury multifamily community in downtown Austin, Texas. Multifamily Housing reports Franklin BSP Realty Trust provided the two-year loan, which has three one-year extension options conditioned by specific borrower requirements.

The property’s previous debt included a $76.4 million construction loan originated by Bank of America in 2018, according to Yardi Matrix data.

Completed in 2022, the 30-story tower incorporates studio, one-, two- and three-bedroom floorplans, along with penthouse layouts, all ranging from 575 to 3,858 square feet. It also comprises 11,000 square feet of office space on the building’s first four floors.

Common-area amenities include a rooftop swimming pool, fitness center, golf simulator and dog park, as well as coworking spaces.

Connect Texas Multifamily 2023 will take place on Aug. 22, 2023 at Virgin Hotel in Dallas. Click here for more information and to register.