Crestline Management, L.P. (“Crestline”) is pleased to announce the closing of a $36.2mm senior construction loan, alongside Patmos Capital Partners (“Patmos”), to Holigan Investments (“Holigan”), a Dallas-based real estate developer. Proceeds will fund the construction of Maranello Luxury Auto Garages (“Maranello”) in Plano, Texas.
Maranello will be a fully indoor, climate-controlled community for car collectors, built on 11.7 acres. It will include 80 individually owned garage condominiums, a one-acre turf courtyard for car shows and owner events, an owners’ lounge, and an on-site service center for Ferrari, Porsche, Maserati and Lamborghini vehicles. The site sits just off the President George Bush Turnpike and is near several of North Texas’s leading luxury car dealerships.
“Maranello is a differentiated concept for car enthusiasts, located near many of Dallas’ highest-net-worth households. Given strong pre-sales and a product offering new to Texas, Crestline was pleased to partner with Holigan and Patmos to advance construction,” said Wes Davidson, Director at Crestline.
“Crestline and Patmos understood what we are building at Maranello and moved quickly to get us to closing. We are excited to start construction and deliver a unique experience for Texas car collectors,” said Michael Holigan, Owner of Holigan Investments.
“Maranello brings together a strong sponsor, an exceptional location and a clear base of buyer demand, and we are pleased to partner with Crestline again to bring it to life,” said Cole Jones at Patmos.
"Marinello’s use of C-PACE should serve as a model for unique projects across the country. I have no doubt their customers will be thrilled with the facility and its efficient systems," said Robbie Pinkas, Senior Vice President of Originations at PACE Loan Group.
About Crestline Management, L.P.
Crestline is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $18 billion of credit assets under management (as of June 30, 2026) including its capital solutions, direct lending, and portfolio finance platforms. Crestline operates as part of Rithm Capital Corp. (NYSE: RITM), a global alternative asset manager with significant experience managing credit and real estate assets and an integrated platform that spans asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit. For more information, visit www.crestlineinvestors.com.
About Holigan Investments
Founded in 1981, the Holigan Family of companies began investing in and developing real estate that has since included projects located in Texas, Tennessee, Utah, Missouri, Michigan, Oklahoma, Colorado, and North Carolina. Specializing in residential, commercial, and agricultural investments, Holigan Investments has a proven history of delivering high quality developments that both maximizes the highest and best use of land as well as investment returns for our partners. For more information, visit www.holigan.com.
About Patmos Capital Partners
Patmos Capital Partners is a Texas-based investment firm with a focus on real estate credit investments across the U.S. For more information, visit www.patmoscp.com.
About PACE Loan Group
PACE Loan Group (PLG) is a national leader in the C-PACE marketplace, providing direct C-PACE financing to commercial property owners. PLG benefits from institutional support with capital from funds managed by AB CarVal, a part of Alliance Bernstein. The PLG team provides expertise up and down the capital stack, from origination and underwriting to loan servicing. To learn more about PLG, visit www.paceloangroup.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorized and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
