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MSD Partners LP and Little Rock, Arkansas-based Bank OZK are providing $194 million in construction financing for the 44 East condominium tower being built in Austin’s Rainey Street district, the project’s developer said in a May 27 announcement.

The 49-story tower developed by Vancouver-based Intracorp is expected to be complete in 2022. More than 45% of the tower’s 309 condos have been sold.