REI FUND I Loan Update: 11410 Old Antonio Road
The developer has been working with the architect, Steve Zagorski to complete plan layouts for each of the units. The site plan is 75% completed. Because the property is located just outside Austin city limits officially, the permitting process is much quicker and easier while having the benefits of Austin utility access.
The construction loan, originated by A List Partners Regional Center Fund, will have part of its capital allocated to paying off the land acquisition loan investors. This construction loan will be funded with direct investment from foreign sources, EB-5 investor capital, as well as domestic investors.
Please see this exciting virtual tour of a unit planned for this complex.