Austin, Texas — The Ballpark is a 282-unit and 768-bed, dedicated student, garden-style, apartment complex located in East Riverside.
Walker & Dunlop Inc. has originated a $23 million acquisition loan for The Ballpark, a student housing apartment complex located in Austin. Walker & Dunlop provided short-term bridge financing prior to Nimes Capital, the borrower, obtaining a Freddie Mac 10-year conventional loan. Nimes Capital purchased The Ballpark through a “stalking horse” auction in October. Built in 2000, The Ballpark is a 282-unit and 768-bed, dedicated student, garden-style, apartment complex located in East Riverside within a 15-minute drive to all of Austin’s major academic institutions. The upgraded amenities at the Ballpark include a computer lab, free Internet, volleyball court, athletic field, and fitness facility and sparkling pool.