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Griffin Capital Secures $47M Refinancing for Austin Apartment Community
Griffin Capital has secured a $47 million refinancing for 1900 Parmer Apartments, a newly constructed, 364-unit midrise apartment community located in Austin, Texas. The loan was arranged by Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins, and Patrick Johnson of Berkadia’s Miami office, with funding provided by MF1 Capital. At the time of closing, the property was 98% leased.
Located at 1900 E. Parmer Lane in Austin’s Tech Ridge neighborhood, approximately 20 minutes north of Downtown, the community features studio, one-, and two-bedroom units ranging from 458 to 1,270 square feet. Each apartment includes private balconies or patios with French doors.
Residents have access to a wide array of amenities, including two swimming pools with cabanas, a two-story fitness center, a demonstration kitchen, and social spaces such as a lounge with a fireplace and outdoor seating, a co-working lounge with private meeting rooms, a social terrace with BBQ grills, and a media center. Additional features include a kegerator and billiards table, all aimed at offering a high-quality living experience.
The refinancing deal underscores strong investor confidence in Austin’s booming multifamily market, particularly in rapidly growing neighborhoods like Tech Ridge.
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