Pryor Cashman represented Austin Capital Partners in connection with the $870 million single-lender construction loan provided by TYKO Capital for Four Seasons Private Residences Lake Austin, a landmark luxury residential development on Lake Austin.

Years in the making, the transaction follows Pryor Cashman’s long-term representation of Austin Capital Partners through every stage of the project, including pre-development planning, bridge financing, a preferred equity investment, and the formation of key development partnerships. The firm advised on a range of complex real estate, finance, and structuring matters as the development progressed, helping position the project for this major financing milestone and the next phase of construction.

The financing supports what is being positioned as Four Seasons’ first purely residential private resort community, spanning 210 acres with nearly a mile of Lake Austin shoreline and planned to include private residences, 28 villa lots, 50 private boat slips, a private members club managed by Four Seasons Hotels and Resorts, and a range of resort-style amenities, with interior design by Lissoni and Partners.

Adi Chugh, Founder and CEO of TYKO Capital, stated about the project:

“This is one of the largest construction loans ever made for a luxury residential project in Texas, [and] Lincoln Property Company and Austin Capital Partners are building something exceptional on this irreplaceable site.”

The Pryor Cashman team was led by Real Estate Partners Wayne B. Heicklen and Ari L. Tran, with assistance from Partners Robert C. Lamonica and Danielle L. Schechner, and Associates James DiLeo and Isaiah Hardy.