CBRE Arranges Refinancing for 123-Unit Community in Austin

AUSTIN, Texas — CBRE has arranged an undisclosed amount of financing for Bridgewood Property Co. and Harrison Real Estate Capital. The borrowers will use the loan to refinance debt on Village on the Park Onion Creek, a 123-unit independent living and assisted living community in South Austin.

The property is located in the well-established residential and golf community of Onion Creek. Situated on 9.4 acres, Village on the Park Onion Creek consists of one main building and 11 cottages. 

Aron Will of CBRE National Senior Housing secured the five-year, non-recourse, floating-rate loan with 24 months of interest-only payments. A regional bank provided the capital.

Retirement Center Management, Bridgewood’s wholly owned management affiliate, will continue to operate the property.