Forman Capital Provides $28.2 Million Lot Development Loan for a 253-Acre Mixed-Use Project Near Austin, Texas

Forman Capital, 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. The borrower and developer is Rockspring, a Texas-based real estate firm with more than three decades of experience across the state’s most dynamic growth markets.

The Highlands stretches along Manzano Mile, encompassing single-family homes, rental apartments, and retail commercial uses on undeveloped land. The Forman Capital loan will fund horizontal development in advance of vertical construction, which will be performed by other developers and builders, and is expected to start in the fall.

The Forman Capital team that worked on the transaction includes Scott Mehlman, Ty Regnier, Brett Forman and Ben Jacobson.

“Forman Capital has always been drawn to developers who are doing something meaningful — not just building but genuinely adding real value to 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 Rockspring’s vision here,” said Brett Forman, Forman Capital Managing Partner.

“Marble Falls and the 71 Highway corridor are benefiting from the same powerful tailwinds driving growth across Texas, with the added advantage of a quality-of-life profile that is attracting both residents and businesses,” said Scott Mehlman, Forman Capital Partner and Chief Investment Officer. “The Highlands is exceptionally well-positioned to meet that demand, and we look forward to seeing this community take shape.”

About Forman Capital

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 more than $3 billion in commercial real estate transactions since 2004. For more information, visit www.formancap.com.