{"id":348715,"date":"2026-06-24T17:07:09","date_gmt":"2026-06-24T17:07:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/348715\/"},"modified":"2026-06-24T17:07:09","modified_gmt":"2026-06-24T17:07:09","slug":"forman-capital-provides-28-2-million-lot-development-loan-for-a-253-acre-mixed-use-project-near-austin-texas","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/348715\/","title":{"rendered":"Forman Capital Provides $28.2 Million Lot Development Loan for a 253-Acre Mixed-Use Project Near Austin, Texas"},"content":{"rendered":"<p>\t\t\t\t\t\t<img width=\"1119\" height=\"656\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/06\/Highlands-image.jpg\" class=\"attachment-xlarge size-xlarge wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/><\/p>\n<p><a href=\"http:\/\/www.formancap.com\" rel=\"nofollow noopener\" target=\"_blank\">Forman Capital<\/a>, a leading private direct commercial real estate lender, has closed a $28,204,026 lot development loan for The Highlands, a planned 253-acre mixed-use community located along Manzano Mile at FM 1431 in Marble Falls, Texas, located on the edge of the broader Austin MSA.\u00a0The borrower and developer is\u00a0Rockspring,\u00a0a Texas-based real estate firm with more than three decades of experience across the state\u2019s most dynamic growth markets.<\/p>\n<p>The Highlands\u00a0stretches\u00a0along Manzano Mile, encompassing single-family homes,\u00a0rental apartments,\u00a0and retail commercial uses on\u00a0undeveloped land.\u00a0The Forman Capital loan will fund\u00a0horizontal\u00a0development in advance of vertical construction, which will be performed by other developers and builders,\u00a0and\u00a0is expected to start in the fall.<\/p>\n<p>The Forman Capital team that worked on the transaction includes Scott Mehlman, Ty Regnier,\u00a0Brett Forman\u00a0and Ben Jacobson.<\/p>\n<p>\u201cForman Capital has always been drawn to developers who are doing something meaningful \u2014 not just\u00a0building but\u00a0genuinely adding\u00a0real value\u00a0to a community. The Highlands does exactly that, bringing much-needed housing and amenities to a city that has grown faster than its supply could keep pace with. We are proud to support\u00a0Rockspring\u2019s\u00a0vision here,\u201d said\u00a0Brett Forman, Forman Capital Managing Partner.<\/p>\n<p>\u201cMarble Falls and the\u00a071 Highway\u00a0corridor are benefiting from the same powerful tailwinds driving growth across\u00a0Texas, with the added advantage of a quality-of-life profile that is attracting both residents and businesses,\u201d said Scott Mehlman, Forman Capital Partner and Chief Investment Officer. \u201cThe Highlands is exceptionally well-positioned to meet that demand, and we look forward to seeing this community take shape.\u201d<\/p>\n<p>About Forman Capital<\/p>\n<p>Delray Beach, Florida-based Forman Capital provides private commercial real estate debt and equity financing for transactions ranging from $10 million to $100 million. The firm focuses on short-term construction financing, mezzanine debt, and preferred equity across various real estate asset classes and geographies. Company principals Brett Forman and Ben Jacobson have closed\u00a0more than $3 billion in commercial real estate transactions since 2004. For more information, visit\u00a0<a href=\"http:\/\/www.formancap.com\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/www.formancap.com&amp;source=gmail&amp;ust=1782403772501000&amp;usg=AOvVaw1-myzoBeTLNGPPi_5RuN5I\" rel=\"nofollow noopener\" target=\"_blank\">www.formancap.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Forman Capital, a leading private direct commercial real estate lender, has closed a $28,204,026 lot development loan for&hellip;\n","protected":false},"author":2,"featured_media":348716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133],"class_list":["post-348715","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/348715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=348715"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/348715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/348716"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=348715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=348715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=348715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}