LOS ANGELES, CA – March 20, 2025 

Priority Capital Advisory (PCA) has arranged a cash-out refinance for Chapman 71, a seven-building industrial park with industrial outdoor storage (IOS) situated on 13 acres at 5001 E Ben White Blvd. in Austin, TX. The non-recourse bank financing was secured on behalf of the property’s ownership, PlaceMKR, an Austin-based commercial real estate and investment firm.

“PlaceMKR acquired Chapman 71 in 2020 and successfully stabilized the rent roll over a compressed timeframe,” said Zachary Streit, President of PCA. “With new leases in place, this asset presented a favorable opportunity for the ownership to engage us to coordinate a strategic refinance with a large cash-out component, enabling the firm to obtain capital for other investment opportunities and capital improvement programs.”

Streit added, “A non-recourse bank financing with a significant cash-out is extremely rare in today’s lending environment.”

Built in the 1970s, the light industrial property is fully occupied by multiple tenants who also benefit from use of private IOS areas – a highly coveted feature for a diverse set of industrial users. Chapman 71 includes 12 dock high doors, 23 grade doors, 25 parking spaces, and clear heights at 16 feet and 25 feet. The property is located in southeast Austin at the intersection of Interstate 35 and US Highway 71, providing access to Austin Bergstrom International Airport, Downtown Austin and the greater Austin metro area.

“PCA ran an efficient process that allowed us to create cash-out liquidity through a refinance of one of our IOS properties on the edge of Austin’s urban core. We are grateful for their continued advocacy as we grow our portfolio across Texas,” said Jesse Weber, Managing Partner of PlaceMKR.

Austin is one of the fastest-growing cities in the U.S., with its population surging by more than 33% between 2010 and 2020. The Austin MSA is currently home to over 2.3 million residents, a number that is projected to exceed 3 million by 2030. Known for its high quality of life and job opportunities, Austin’s rapid expansion is fueled by its appeal to both young professionals and families, making it one of the nation’s top destinations for relocation.

About Priority Capital Advisory

Priority Capital Advisory is a premier boutique debt and equity capital advisor for middle market and institutional commercial real estate sponsors and investors. PCA arranges highly structured and innovative finance solutions up and down the capital stack, with a focus on transactions with a total capitalization of $30 million to $200 million. PCA leverages debt and equity solutions for all property types including capital from debt funds, life insurance companies, commercial and investment banks, agency financing, CMBS, mortgage REITs, and pension funds.

About PlaceMKR

PlaceMKR is a Texas-based commercial real estate investment and development firm driven by the pursuit of high-growth opportunities before they hit the mainstream. Founded in 2018, the firm challenges conventional investment strategies by prioritizing forward-thinking market insights, deep local expertise, and a sharp eye for untapped potential.

Instead of following predictable industry patterns, PlaceMKR stays ahead of the curve, pinpointing where growth is happening next. By identifying and seizing emerging opportunities, the firm unlocks long-term value for both investors and communities.

With a leadership team bringing over a century of combined experience across development, construction, and design, PlaceMKR is more than an investor—it is a catalyst for transformative growth, reshaping the future of real estate one strategic investment at a time.