The subject property is located in South Austin, is a newly constructed luxury single-family home, and is situated in an established neighborhood. The area provides great access to Austin’s major employment hubs, popular commercial districts, and top-rated schools, making it highly appealing to family tenants. Initially listed for sale, the borrower decided to rent the units to generate rental income. The property is successfully leased and the borrower’s exit strategy is a refinance into a long-term landlord note. *Disclosure – This borrower is a Noble affiliated entity.*