Description
Palladius provided a bridge loan to a fully entitled mixed-use (multifamily, retail, & office) land site in Austin, TX just south of Downtown projected to break ground in 2025. The site benefits from an irreplaceable location in south Austin adjacent to many of the city’s dynamic employment and lifestyle drivers including Downtown, South First, South Lamar, and South Congress. The experienced borrower is a leading global private markets firm that invests in real estate, private equity, and private infrastructure.
Austin, TX
Location
Land
Property Type
Bridge
Loan
$11MM
Loan Amount
24%
LTC
24 Mo.
Loan Term