AUSTIN, TX-The proprietors of The Austonian, a 56-story condominium tower in downtown Austin, have refinanced the high-rise through the structured finance group at Houston-based Transwestern. Madrid, Spain-based Grupo Villar Mir formed Second Congress Ltd. and Benchmark LLC to develop the 166-unit apartment complex, which was completed in June 2010.
Jan Sparks and Michael Snodgrass of Transwestern handled the deal. Grupo Villar Mar is also creating Plum Creek, a single-family community on the south side of Austin. For the full story, go to Houston Business Journal .
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