Rainier Capital Management, L.P. Announces Funding of Mezzanine Loans on Two Multi-Family Complexes in Texas

Rainier Capital Management, L.P. Announces Funding of Mezzanine Loans on Multi-Family Complexes in Fort Worth and Waxahachie, TX

Dallas, TX (PRWEB) November 12, 2008 -- Rainier Capital Management, L.P. announces the funding of mezzanine loans for the Villa Lago Apartments in Fort Worth, Texas and the Hunter's Cove Apartments in Waxahachie, Texas. The properties are being developed by Houston-based Sage Partners.

Villa Lago is a Class A, 204 unit three story garden style multi-family complex in Fort Worth, Texas. Hunter's Cove is a Class A, 192 unit garden style multi-family complex located just east of I-35 in Waxahachie, Texas. The properties are in their final stages of development and will begin leasing in the fourth quarter.

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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