48 East Avenue

Apr 25, 2019

48 East Avenue

$87.9MM non-recourse construction loan

249-unit, 30-story Condominium Project

Austin, TX  –  Rainey District

Highland arranged the $87.9MM non-recourse construction loan for the 30-story, Austin condo project with a private balance-sheet lender focused on creating long-term relationships by originating, servicing and asset managing long- and short-term fixed-rate commercial real estate loans through maturity. In addition to arranging the financing, Highland was involved in sourcing a development partner to venture on the $120mm project.

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