Kasowitz Represents Cottonwood Group in $284 Million Loan for Four Properties in Texas

Kasowitz Benson Torres represented Cottonwood Group, a Los Angeles-based private equity real estate investment firm, in the closing of a $284 million senior bridge loan facility to Reger Holdings, a real estate investment and development company, to support the recapitalization of key assets within the EastVillage master plan located in the northeast corridor of Austin, Texas.  The financing includes four cross-collateralized mortgages on different properties within a 425-acre development, including mixed-use properties, unsold condominium units at The Linden Residences, a multifamily complex commonly known as The Vaughan and entitled land parcels.

The Kasowitz team representing Cottonwood Group was led by real estate transactions partner Darwin Huang and includes partner David Szeker, Special Counsel Matthew S. McElroy and associates Kathleen M. Maurer and Jason Re.