Sackman JV Scores $106M Loan From Acore For Texas Project

Law360, Los Angeles (January 10, 2017, 3:19 PM EST) -- A venture of Sackman Enterprises Inc. and Chinese developer Starryland USA Corp. has scored $106 million in construction financing from Acore Capital LP for a condo project in Austin, Texas, according to an announcement Monday from borrower-side broker Holliday Fenoglio Fowler LP.

The loan is for 70 Rainey, a 34-floor project in downtown Austin that's slated to be completed in 2018. The property is located close to the Colorado River, just south of the Austin Convention Center.

Starryland USA is the development arm of Fuxing Huiyu Real...
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