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**Mark IV Capital Secures $86M Construction Loan for Round Rock Development**
Mark IV Capital has closed on an $86 million construction loan to support the first phase of The District, a master-planned mixed-use development in Round Rock, Texas. The financing was led by BDT & MSD Partners, with additional participation from an affiliate of Apollo.
Mark IV originally acquired the site from Dell Technologies in 2016 and has since spent nearly a decade on master planning and securing entitlements.
The loan proceeds will fund the vertical construction of Phase I, which will feature 316 luxury multifamily residences built above 23,042 square feet of ground-floor retail.
The residential units will offer a mix of studio, one-bedroom, and two-bedroom layouts, and will include upscale amenities such as a third-level pool deck, outdoor entertainment areas, a clubhouse lounge, and a fully equipped fitness center.
In addition, Phase I will include a 40,750-square-foot Food & Beverage Plaza spanning six standalone buildings.
Upon full build-out, The District is expected to offer close to four million square feet of mixed-use space, encompassing residential, retail, hospitality, and office components.
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