Austin Condo Project Scores $88M Loan

Austin Condo Project Scores $88M Loan

April 30, 2019, 5:00:00 AM

MULTI-HOUSING NEWS —  A joint venture between Pearlstone Partners and Newgard Development Group has secured an $87.9 million construction loan for the development of a 33-story, 249-unit condo project in downtown Austin. 3650 REIT originated the single-source stretch senior loan, which will allow construction to start by the end of June.