Southeast Regional Office

Frost Bank Tower
Austin, Texas

“ New York Life is pleased to provide low leverage financing to an excellent repeat borrower on Austin’s preeminent office tower. Frost Bank Tower arguably has the best location in the Austin CBD and is within easy walking distance to abundant retail and dining options.”
— Leslie Cassingham, Senior Director

  • Class A trophy building with iconic architecture consisting of 33 stories including ground floor retail, office, and parking located in the CBD’s most vibrant quadrant
  • Well-leased property with staggered rollover and high-quality tenants
  • Floating rate financing
  • Strong repeat sponsor
  • The transaction is representative of New York Life’s core lending platform

Source: REI Southwest Regional Office, June 2017.