48 East Avenue

PROPERTY:

48 East Avenue, a 249-unit, 30-story condominium project

LOCATION:

Austin, TX  –  Rainey District

FINANCING:

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.