Rainier Capital Management, L.P. Announces Funding of a Mezzanine Loan on Unicorn Lake project in Denton, TX

Rainier Capital Management, L.P. Announces Funding of a Mezzanine Loan on Unicorn Lake project in Denton, TX.

Dallas, TX (PRWEB) November 12, 2008 -- Rainier Capital Management, L.P. announces the placement of a $1,100,000 mezzanine loan for the Market Square at Unicorn Lake project in Denton, Texas. Developed by Shelton Development, the 136 acre mixed use project is home to a residential neighborhood, multiple office buildings, restaurants, a gym, Cinemark 14 Theaters, two banks and an independent living facility. A Homewood Suites by Hilton is now under construction at the site.

The loan will be used to complete the infrastructure for the final phases of the development. Once completed, Market Square at Unicorn Lake will offer more than 200,000 square feet of shopping, dining, entertainment, and office plus 106 upscale homes in the Villas of Tuscan Hills. The property has over 33 acres of greenbelt including the focal point of the property, Unicorn Lake.

Rainier Capital Management, L.P. is a Dallas-based real estate investment firm specializing in the placement of mezzanine debt and preferred equity into high quality commercial properties throughout the United States. In addition, Rainier acquires properties for its investment Funds and for the benefit of private investors and tenant-in-common groups seeking replacement property for their 1031 exchange transactions.

For more information, please visit www.rainiercapital.com.

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