Axiom Capital Corporation announces the closing of a $38,000,000 permanent loan for the refinance of a 384 unit apartment complex in Pflugerville, Texas. Pflugerville is the 11th fastest growing city in the nation, with a population of at least 50,000. An advantage of the location is its accessibility to the adjacent city of Round Rock and State Highway 45 – a major thoroughfare in North Austin that provides convenient access to key employment centers with employers including Dell Inc., IBM, Apple, Samsung, University of Texas at Austin, General Motors, and Emerson Process Management to name a few. Residents at the Property are also only minutes away from millions of SF of retail space including a Walmart, two Targets, a Home Depot, a Best Buy, a Cinemark movie theater, a Sam’s Club, and a future Costco, among others. This location with access to employment centers and entertainment/shopping coupled with the unmatched features that the property offers, makes the property one of the most ideal living locations in the region. The Property is improved with one clubhouse, one maintenance building, and 30 two-story wood framed apartment buildings. The Property provides an attractive unit package featuring spacious floor plans, custom cabinetry, stainless steel appliances, track lighting, nine-foot ceilings, and granite countertops as well as amenities that you won’t find anywhere else, including an outdoor movie wall, community garden, two dog parks, and pools with resort-style features like a floating tabletop.
Commercial Real Estate Finance & Advisory