Updated Feb 9, 2026
Evan Slavik Of Mark IV Capital Secures $86 Million Construction Loan For The District Development In Round Rock
$86,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 3, 2026
About this deal
AI
The District is a development site located in Round Rock, Texas, encompassing a master-planned mixed-use project. The total project will reach nearly 4 million square feet upon full buildout, with Phase I featuring 316 luxury multifamily units and 23,042 square feet of retail space, alongside a 40,750 square foot food-and-beverage plaza.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $86,000,000
- Lender: BDT & MSD Partners & Apollo
- Landlord: Evan Slavik - Mark IV Capital
- Loan Type: Construction
Mark IV Capital secured the construction loan to fund Phase I of The District, effectively collaborating with BDT & MSD Partners, with an affiliate of Apollo participating in the financing arrangement.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93