$55M refinancing arranged for newly constructed multifamily community in Austin

Battery Global Advisors ("BGA") provides customized wealth management solutions within an institutional family office framework. Between the families they advise and the private funds they offer, BGA manages over $4 billion of assets for sophisticated investors around the world. BGA invests opportunistically in real estate and has deployed over $370M of equity capital in Opportunity Zone projects and currently has over $710M in equity capital invested across a diversified portfolio of real estate projects. bga.com

Established in 1937, the Housing Authority of the City of Austin (HACA) is an independent public unit separate from the City of Austin and responsible to an autonomous Board of Commissioners. HACA frequently works in partnership with civic and community groups to meet the needs of low-income families, seniors, persons with disabilities, and persons experiencing homelessness. HACA's mission is to cultivate sustainable, affordable housing communities and partnerships that inspire self-reliance, growth, and optimism. HACA envisions neighborhoods where poverty is alleviated, residents are healthy and safe, and all people have the opportunity to achieve their full potential. hacanet.org

Founded in 2014, River City Capital Partners is an Austin-based investment firm that focuses on opportunistic investments across the United States. The company specializes in urban in-fill residential developments and innovative multi-family/mixed-use projects, as well as master development of large land acreage in Austin, Texas. With a product-agnostic approach, River City places great emphasis on the surrounding environment and the broader community in order to create cohesive and successful developments that deliver value to their investors, community and tenants. rivercityus.com

Originally founded in1994, LDG has focused on developing rental housing as well as affordable housing communities since 2002. LDG has developed over 25,000 units of affordable housing for working families and seniors in dozens of communities located in eight states including Kentucky, Texas, Louisiana, Tennessee and Georgia. To support its work and continued growth, LDG has four main divisions all focused on maximizing returns and maintaining the high-quality standards of each community long after construction has ended. LDG prides itself in being a part of the communities it serves and has more than 200 employees in its offices located in Kentucky, Texas, Nashville and Atlanta. ldgdevelopment.com

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has over $2.9 trillion in assets under supervision globally as of June 30, 2024. Established in 2001, the Urban Investment Group within Goldman Sachs Asset Management has committed over $10 billion through real estate projects, social enterprises and lending facilities for small businesses and students, creating economic value and opportunities for underserved communities and families. Follow on LinkedIn.