Eagle Point Credit Management is providing roughly $1.3 billion in mezzanine debt for Nexus Data Centers’ AI campus in Hubbard, Texas, where Anthropic has signed on as the anchor tenant. The financing is part of an approximately $16 billion capital package for a 2,900-acre site being developed through Nexus Apex Holdings. Initial permits cover about 491,000 square feet of high-density computing space, with plans to expand to multi-gigawatt capacity and add behind-the-meter gas-fired power generation. A separate bank-led financing package of about $15 billion was reportedly in advanced discussions, with Morgan Stanley leading lenders and Google potentially providing power and lease guarantees and taking an equity stake.