Madison Realty Capital Provides $13M Loan For Development Site In Austin, Texas

A development site located at 4700 South Congress Avenue in Austin, Texas has secured a loan for its acquisition and pre-development. The property is planned to include 400 multifamily units, 100,000 SF of office space, 180 hotel keys, and 40,000 SF of retail. The loan amount for this transaction is $13,000,000.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $13,000,000
• Address: 4700 South Congress Avenue
• Market: Austin, Texas
• Plans: 400 multifamily units, 100,000 SF of office, 180 hotel keys, and 40,000 SF of retail

The lender for this transaction is Madison Realty Capital represented by Josh Zegen. The property is owned by The Sutton Company, KOA Partners, and Atalaya Capital. Adi Chugh from Surya Capital Partners served as the broker in this deal.