The asset involved in this transaction is a 210-acre development site located at 6507 Bridge Point Parkway in Austin, TX. It is designated for the construction of Four Seasons Private Residences Lake Austin, an ultra-luxury residential resort overlooking Lake Austin. The site is approximately 20 minutes from downtown Austin and will feature private residences, villas, marina access, and resort-style amenities.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $870,000,000
• Lender: Adi Chugh - TYKO Capital
• Landlord: David Binswanger & Clay Duvall - Lincoln Property Company; Jonathan Coon - Austin Capital Partners
• Brokers: Adelaide Real Estate, Cobalt Equities & JLL
• Loan Type: Construction

Adi Chugh from TYKO Capital provided the construction loan for the project, while David Binswanger and Clay Duvall represent Lincoln Property Company, and Jonathan Coon represents Austin Capital Partners. This collaboration marks a significant step as the project transitions from planning to full-scale construction.