Eagle Point Secures $1.3B Loan for Anthropic's Texas AI Data Center Project

Eagle Point Credit Management is lending approximately $1.3 billion in mezzanine debt to finance a significant AI data center campus in Hubbard, Texas, with Anthropic as the anchor tenant. This loan is part of a broader financing package totaling around $16 billion.

The development, managed by Nexus Data Centers through its affiliate Nexus Apex Holdings, spans about 2,900 acres and includes its own gas-fired power generation. Initial permits cover approximately 491,000 square feet of high-density computing facilities, with plans to expand to multi-gigawatt capacity over time.

Eagle Point's involvement with Nexus dates back to September 2025, when it provided earlier senior secured loans for land acquisition. The recent mezzanine tranche positions Eagle Point as a key investor in one of the largest single-site data center financings in the U.S.

While Eagle Point's contribution is significant, it represents only a portion of the project's total capital needs. Reports indicate that a separate bank-led financing package of about $15 billion is in advanced discussions, with Morgan Stanley leading a consortium of lenders. Google is also reportedly exploring guarantees related to power and lease agreements, potentially taking an equity stake in the project.