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First Phase of Austin MXU Secures $27M in Debt

JLL Capital Markets arranged $26.65 million in construction financing for the Red Bluff Development, a Class A, 91,635-square-foot office and retail development in a Qualified Opportunity Zone in Austin. The building will be the first phase of a mixed-use project.

A JLL team of De’On Collins, Chris McColpin, Jayme Nelson and Alastair Barnes worked on behalf of the developer, HN Capital Partners, to place the loan with Bank OZK. HN Capital is developing the project in partnership with Austin-based Red Bluff Partners, which acquired the land in 2014.

The building will be situated on 1.09 acres at 4713 E. Cesar Chavez St. in the East Austin District, a live-work-play area in Austin. The developer plans to construct a boutique hotel as part of the project’s second phase.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
  • ◦Financing
  • ◦Development