Madison Realty Capital (MRC) provided a $278.5M construction loan to Reger Holdings, led by CEO Gordon Reger. “This transaction highlights Madison Realty Capital’s solutions-oriented approach and unique ability to serve as a single-source financing provider to a highly reputable borrower,” Josh Zegen, MRC's co-founder and managing principal, said. “Austin is a rapidly growing, vibrant city experiencing exceptional economic growth, but faces high barriers to entry.”
Austin has seen an increase in investments over the two years while experiencing monumental growth, supported by a diverse economy and the rise of employment from tech corporations such as Apple, Dell, Facebook, Samsung, Tesla, 3M and Oracle.
The construction loan secured is for a portfolio of four assets located in Austin, Texas. The portfolio comprises the East Village, a 425-acre, master-planned residential community in the northeast tech corridor and The Linden, a 28-story high-end residential building in the Austin Downtown area.
“Madison Realty Capital’s senior financing for the EastVillage and The Linden marks an exciting milestone for both projects,” Reger said. “We are pleased to work with a single capital source that has the flexibility to finance these diverse projects.”
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Reger Holdings is headquartered in Western New York and focuses on commercial and industrial value add real estate investments and quality residential and mixed use development.The firm's expertise and experience has allowed Reger Holdings and its principals to successfully execute on value add real estate strategies and numerous development projects in several markets throughout the United States.
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Reger Holdings, LLC