ACRE Credit recently provided a $52,500,000 first mortgage bridge loan to Medina Highlands.

ACRE Credit recently provided a $52,500,000 first mortgage bridge loan to a joint venture between Slate Real Estate Partners and DDelta Real Estate Investments for the refinance of Medina Highlands, a newly constructed, 309-unit multifamily property in the Upper Austin submarket of Austin, TX. Upper Austin is one of the city’s fastest growing areas and is home to a plethora of excellent food and dining venues, employers, outdoor recreation options, and higher education.