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Prospect News home > News index > List of issuers N > Headlines for Newgard Development Group > News item
Published on 4/29/2019 in the Prospect News Private Placement Daily.

Pearlstone, Newgard get $87.9 million construction loan via 3650 REIT

By Devika Patel

Knoxville, Tenn., April 26 – Pearlstone Partners and Newgard Development Group, in a joint venture, have obtained an $87.9 million construction loan from 3650 REIT, according to press release.

Proceeds will be used for the development of 48 East, a 33-story luxury apartment property in Austin, Tex.

Pearlstone Partners and Newgard are real estate development firms based in Austin.


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