Randy Plavajka
The Austin manager focuses on first mortgages, B-notes, mezzanine and preferred equity in the $2m to $40m range.
The JLL-arranged loan tracks with regional demand in fast-growing science hub.
Sponsors include Goldman Sachs AM, Domain Companies, Vorea Group and Mega Development
The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.
The financing package for 5 Times Square is one of three major loans originated on offices in the submarket in the past few months.
The mixed-use development includes C-PACE and pref equity components to complete the capital stack.
Namdar Group will use the financing for a residential tower acquisition, construction.
Fitch data shows headwinds have not deterred the overall pace, despite market uncertainty.
The Dutch bank will look at more green lending opportunities in sectors such as multifamily, student housing, logistics, retail and life sciences.
Lenders in the sector are adapting to the dramatic pricing increases of the past six months.