JLL arranges construction loan for first phase of The Riverfront development in Waco, TX

Rendering of planned Brazos Promenade at The Riverfront Lofts project, Waco, TX

DALLAS, TX – JLL Capital Markets announced it has arranged construction financing for The Riverfront Lofts, a 266-unit, Class A multi-housing project, which will be the first phase of The Riverfront mixed-use waterfront district in downtown Waco, Texas.

JLL worked exclusively on behalf of the developer, Catalyst Urban Development, to secure the floating-rate construction loan that was provided by First United Bank.

The JLL Capital Markets team representing the borrower was led by Managing Director Jeremy Sain.

Jeremy Sain

This development is the result of a collaborative multi-year effort leading to a proactive public/private partnership with the City of Waco aimed at creating a vibrant urban riverfront experience complete with a new public park, farmers market venue, interactive streetscapes and destination venues.

The Riverfront Lofts will be the first phase of the planned mixed-use district and will be constructed on a 6.37-acre site along S. University Parks Drive just west of Interstate 35 and within walking distance to the Baylor University campus and Waco’s largest attraction, Magnolia Market at the Silos.

The property will be an urban residential project designed to combine seamlessly with the upcoming restaurants, hotel, small office and public uses within the walkable urban district that is situated along the Brazos River.

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 CONTACTS:

Olivia Hennessey

Senior Associate, Public Relations

Jones Lang LaSalle Americas, Inc.

9 Greenway Plaza, Suite 700

Houston, Texas 77046

T +1 713 852 3403

Olivia.Hennessey@am.jll.com

us.jll.com/capitalmarkets

 jll.com

 Catalyst Urban Development  

firstunitedbank.com.