The subject property is located in the Ridgetop neighborhood of Austin and consists of a duplex with two residential units. Construction was completed in September 2023. Initially listed for sale, the borrower decided to rent the units to generate rental income. Each unit has been successfully occupied by tenants. Situated near UT Austin, the Mueller district, and top-rated schools, the property is in a desirable area with reasonable value appreciation. This medium-term hold strategy positions the borrower to benefit from ongoing rental income while capitalizing on future value appreciation. The exit strategy is a refinance into a long-term landlord note. *Disclosure – This borrower is a Noble affiliated entity.*