Developer Duo Inks $870M Construction Loan for Lake Austin Four Seasons Residences
TYKO Capital provided an $870 million single-lender construction loan to Lincoln Property Company and Austin Capital Partners for Four Seasons Private Residences Lake Austin. The whole loan supports construction of a residential-only private resort community on Lake Austin, planned to include private residences, 28 villa lots, a private marina with 50 boat slips, and private club amenities with service and operations by Four Seasons Hotels and Resorts. Lincoln Property Company and Austin Capital Partners are helming the project.
Amenities include The Upper Clubhouse, which features a restaurant, a private 96-seat theater, a 100-seat sports lounge, The Portal Bar & Lounge, and a 300-foot infinity-edge pool overlooking the Lake and Austin skyline. Additional amenities include The Spa & Wellness Club, The Racquet & Golf Club, The Lake Clubhouse, and two private marinas with 50 boat slips.
Austin Capital Partners was advised on the financing by Adelaide Real Estate, Cobalt Equities, and JLL.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout