News June 08, 2021

Madison Realty Capital Provides $279M Loan for Austin Residential Portfolio

Commercial Observer has reported that Madison Realty Capital extended $278.5 million in construction financing to Reger Holdings for a portfolio of four Austin, Texas developments, including a 425-acre residential community in the heart of Austin's northeast tech corridor, plus a condominium tower in Downtown Austin. “Austin is a rapidly growing, vibrant city experiencing exceptional economic growth, but faces high barriers to entry,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, who noted that the forthcoming developments along the Parmer Lane tech corridor will help address “an undersupply of the high-quality housing options” that the area is currently facing.

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