The $2.3 million Fannie Mae Small Loans financing replaces $2.1 million in existing debt on the 27-unit Anchorage multifamily property.

Solid market fundamentals bolstered by positive demographic and employment trends will continue to drive investment in the metro.

The newly completed, 1.2 million-square-foot mixed-use property opened in Coral Gables last year.

The $43 million development, expected to deliver in 18 months, will add 58 units to the Auburn Gresham neighborhood.

The financing package includes $262 million in debt and $40 million in equity secured through Freddie Mac and an institutional investor.

The robust job market and positive demographic trends are making Austin an attractive market for multifamily players.

Between January and April, around 55% of the assets traded in the metro were Class A buildings.