Cottonwood Group closed a $284 million senior bridge loan facility. The financing supports the recapitalization of key assets within the EastVillage master plan, a 425-acre mixed-use development in Austin’s northeast corridor, as well as the remaining unsold condominium units at The Linden Residences in downtown Austin. Spearheaded by Reger Holdings, the company spent several years assembling the EastVillage site and securing critical entitlements. Between 2017 and 2018, it acquired the 425 acres through multiple transactions.

The facility includes four cross-collateralized and cross-defaulted senior mortgages, comprising a recently delivered 312-unit multifamily property (The Vaughan), an under-construction mixed-use multifamily and retail complex (The Janis), 19 entitled land parcels (The Land), and the remaining unsold luxury units at The Linden Residences.

EastVillage is near the Samsung Austin Semiconductor campus, which employs over 10,000 workers. Samsung’s ongoing expansion—including a $17 billion semiconductor manufacturing facility in nearby Taylor, Texas—reinforces the region’s significance as a technology and innovation hub.