Texas + Finance | April 23, 2020

Waco’s Riverfront Lofts Lands Construction Debt

A JLL Capital Markets team led by Jeremy Sain arranged construction financing for The Riverfront Lofts, a 266-unit, Class A multi-housing project in Waco. It will be the first phase of The Riverfront mixed-use waterfront district in Waco’s downtown.

JLL worked on behalf of Catalyst Urban Development to secure the floating-rate construction loan that was provided by First United Bank. Terms of the financing were not disclosed.

This development is the result of a collaborative multi-year effort leading to a public/private partnership with the City of Waco. It will include a new public park, farmers market venue, interactive streetscapes and destination venues.

The Riverfront Lofts will be constructed on a 6.37-acre site along S. University Parks Drive, just west of Interstate 35 and within walking distance to the Baylor University campus and Waco’s largest attraction, Magnolia Market at the Silos.

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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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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