EBSC Lending Provides $59M Construction Loan in Austin
- Aaron Donovan.
- Mar 18, 2024
- 2 min read
Updated: 5 days ago
AUSTIN, TX — EBSC Lending has provided a $59 million construction loan for a mixed-use development currently underway in Austin, Texas. The financing was originated by Martin Alex of EBSC Lending, with Aaron Donovan and Brian Stark leading the underwriting and closing efforts.
The borrower is a local Austin-based developer that will use the loan proceeds to complete construction of the project and refinance existing debt.
Transaction Overview
The mixed-use project will comprise three buildings totaling approximately 201,821 square feet upon completion. The developer originally acquired the site in December 2020 and has advanced the project through entitlement and development planning prior to securing construction financing.
EBSC Lending structured the construction loan to support the project through completion while providing refinancing of existing obligations, allowing the sponsor to maintain momentum and streamline the capital stack. The financing aligns with the borrower’s execution timeline, with the project scheduled for completion in 2025.
The transaction highlights EBSC Lending’s ability to support complex mixed-use developments by delivering construction capital that accommodates both vertical development and balance-sheet optimization through debt refinancing.
Market Context + What It Means
Austin continues to rank among the most active development markets in the United States, driven by population growth, corporate relocations, and sustained demand for mixed-use environments that integrate residential, commercial, and lifestyle components.
Mixed-use projects of scale often require construction financing that can address extended development timelines while accommodating refinancing of legacy debt. Private lenders capable of underwriting large, multi-building projects play a critical role in enabling developers to execute efficiently in competitive markets.
By providing a $59 million construction loan, EBSC Lending enabled the borrower to move forward with completion of a sizable mixed-use project while maintaining flexibility across the capital structure.
Frequently Asked Questions
What type of loan did EBSC Lending provide?
EBSC Lending provided a $59 million construction loan for a mixed-use development in Austin, Texas.
How will the loan proceeds be used?
Proceeds will be used to complete construction of the project and refinance existing debt.
How large is the development?
The project will consist of three buildings totaling approximately 201,821 square feet.
What types of projects does EBSC Lending finance?
EBSC Lending provides construction, bridge, and transitional financing for mixed-use, multifamily, commercial, and specialty real estate assets nationwide.
Related EBSC Lending Financing Programs
EBSC Lending provides flexible private capital solutions across the United States, including:
Construction Loans – Ground-up and large-scale development financing
Commercial Bridge Loans – Short-term capital for refinancing and transitions
Mixed-Use Financing – Customized solutions for integrated real estate developments
