Loren Group Lands Refi for Lady Bird Lake Hotel

Southern Realty Trust Inc. (SRT) originated a senior loan in the amount of $57 million for the refinancing of The Loren at Lady Bird Lake, a luxury hotel located in Austin. The sponsor is The Loren Group, a real estate company that specializes in developing, owning, and managing luxury hotels. SRT holds $25 million of the loan, while the remaining $32 million was syndicated to an affiliate on the TCG Real Estate platform. 

The Loren is a 108-key boutique luxury hotel at 1211 W Riverside Drive, part of a mixed-use project that includes 24 condominiums, two restaurants, a spa, fitness center, rooftop terrace with an infinity pool, and event space with sweeping lake and city views. Situated on a 1.5-acre site along the south bank of Lady Bird Lake, the Project is within easy reach of downtown Austin attractions, including Zilker Park and the South Congress district.