Posted Feb 8, 2018, 1:39 AM
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Join Date: Jan 2009
Location: Austin, TX / Portland,OR / Chicago, IL
Posts: 14,603
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Orix USA Lends $28.5Mln Against Student-Housing Property in Austin, Texas
https://lincoln-ventures.com/properties/ruckus-20
Quote:
Orix USA has lent $28.5 million for the construction of a 66-unit, 236-bed student-housing property that's under construction near the campus of the University of Texas in Austin, Texas.
The loan was arranged by Highland Realty Capital of El Segundo, Calif., and WPC Realty of Manhattan Beach, Calif.
The property, The Ruckus 2.0, is being developed by Lincoln Ventures of Austin. It will include underground parking, secure access, a rooftop terrace, cyber cafe, fitness center, study lounges and will have access to Google Fiber internet connectivity.
Ruckus 2.0, at 2401 Rio Grande St., is scheduled for completion in August 2019. It's a few blocks from another, similar student-housing project, The Ruckus, which Lincoln Ventures developed last year using a $14.5 million construction loan from Orix. That loan also was arranged by Highland Realty.
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