AUSTIN, TEXAS — Mesa West Capital has provided a $47 million refinancing loan to United Properties for Bishop Momo in Austin. The 274-unit property is located within the St. Elmo District, a 275-acre mixed-use redevelopment in South Austin built on a former industrial site. St. Elmo currently includes 223,000 square feet of office, retail, dining and entertainment with approximately 900,000 square feet planned for future development. Chris McColpin of Newmark’s Austin office arranged the financing. United Properties delivered Bishop Momo in 2024. It is comprised of a mix of studio and one- and two-bedroom units. Amenities include a courtyard pool, lounge, fitness center and another lounge with an outdoor deck. The property also includes 5,835 square feet of ground-floor retail space, which is 100 percent leased.
United Properties has obtained a refinancing loan for its Bishop Momo project, which was delivered in 2024. The $47 million loan was funded by Mesa West Capital and arranged by Newmark.
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