Mesa West Capital has provided a joint venture led by United Properties with $47 million in short-term, first-mortgage debt to refinance Bishop Momo, a recently completed 274-unit multifamily community in Austin.
Delivered to market in 2024 by United Properties, Bishop Momo offers a mix of studio and one- and two-bedroom units. High-end interior finishes feature quartz countertops, stainless steel appliances, hardwood flooring and in-unit washer and dryers. Community amenities include a courtyard pool, grotto lounge, fitness center and a resident lounge with an outdoor deck. The property also includes 5,835 square feet of ground-floor retail space, which is 100 percent leased to community-serving tenants.
The asset is situated within the St. Elmo District, a 275-acre mixed-use redevelopment that has transformed a former industrial zone into a premier live-work-play destination. St. Elmo currently encompasses 223,000 square feet of office, retail, dining and entertainme
