LIVE OAK CAPITAL ARRANGES FINANCING FOR MIXED-USE DEVELOPMENT

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AUSTIN, TEXAS — Live Oak Capital Ltd. has arranged financing for the development of The Austonian, a mixed-use project located at the corner of Second Street and Congress Avenue in Austin. The 56-story, 188-unit residential property, which is being developed by Second Congress Ltd., also will feature 16,500 square feet of retail space. The project, which is being designed by Ziegler Cooper Architects, is scheduled for completion in 2010. Live Oak Capital arranged the 5-year, undisclosed loan for the development with Aareal Bank AG.

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