Villages on Lakeline consists of 4 buildings built in 2019 totaling 44,168 SF and located at 120 S Lakeline Blvd, Cedar Park, TX (“Property”). Real International, a local Austin Commercial Real Estate Investment Firm (“Sponsor”) has the Property under contract for $8.4MM ($190/SF) and seeking an acquisition loan of 50% of purchase price and 100% of future TI allowance. The business plan is to implement a condominium regime at closing and sell of individual units to owner occupant users. The property has the ability to be demised into separate office condominiums and the sponsor has already sold 18% of the project from the time they went under contract on 8/27/24.

The Sponsor has been doing business in Austin since 1992 and has unique ties into small businesses throughout the Austin MSA. The project is estimated to sell out completely within 12 months of closing on the acquisition. For a bank lender or lender with SBA license, this lending opportunity will provide you with many new business relationships as the Sponsor is willing to advertise as the preferred lending partner for the project for prospective tenants.