Battery Global Advisors, Housing Authority of the City of Austin, River City Capital Partners and LDG Development have secured a $55 million loan for Urban East, a newly constructed, 381-unit, class A multihousing community in Austin, Texas.
JLL worked on behalf of the ownership team to facilitate the floating-rate loan through Goldman Sachs Alternatives.
Located at 6400 E Riverside Drive, Urban East offers convenient access to downtown Austin, the University of Texas, and the Austin-Bergstrom International Airport. Residents of the complex can enjoy nearby retail and entertainment options as well as proximity to large employment centers.
