Community Infinity Square by Rastegar Secures $31.7M Loan
Rastegar Property Company secured $31.7M to begin Infinity Square, a 318-acre mixed-use community in Kyle featuring homes, retail, and green space.
Originally Published in Yield Pro
Published on: July 30, 2024
Rastegar, the real estate investment and development company based in Austin, Texas, has closed a $31.7 million loan to finance the construction of the first phase of Infinity Square, its 318-acre master-planned community project located at 700 & 800 Bunton Lane in Kyle.
Trez Capital, a leading investment manager and provider of innovative and opportunistic financing for commercial real estate throughout North America, provided the loan, which will finance the construction of the initial 329 single-family lots.
CastleRock Communities and Brightland Homes, two distinguished national US residential homebuilders, will acquire the first phase of lots and spearhead the construction of the single-family units.
Infinity Square is situated on the east side of Interstate 35 and is 21 miles south of Austin. It will feature almost 1,000 single-family lots, 1,400 multifamily units as well as 185,000 square feet of commercial space that includes retail, leisure spaces, an amenity center and an 11-acre elementary school, all centered around a town square.
