Beach Point, Maxim Capital Lend $32M on Austin Hotel Acquisition

ASAP Holdings nabbed $32 million of acquisition financing to purchase and redevelop a 293-key hotel in Austin, Texas, Commercial Observer has learned.

Beach Point Capital Management and Maxim Capital Group provided the acquisition and redevelopment loan for ASAP’s newly acquired Radisson Austin North. ASAP purchased the hotel from Lockwood Companies for $38.5 million. The property is five minutes from downtown Austin and 3.5 miles from the University of Texas. 

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