Although debt financing for data centers is scarce in today's economic climate, some companies have just the set of attributes that gives bankers confidence the loans will perform.

Austin, Texas-based colocation provider Data Foundry has secured funding for the first phase of its new data center in its hometown. The company has an existing customer base and its owners have provided 100% of equity financing for the project ÔÇô both important factors for banks that lend into the space.

Data Foundry announced on Tuesday that JPMorgan Chase ÔÇô a company with about US$3 trillion worth of assets ÔÇô has become the sole lender for Phase I construction of the facility called Data Ranch. The first of two phases will provide 130,000 sq ft of data center and worksite recovery space and is planned for completion in this year's second quarter.

Carolyn Yokubaitis, co-founder and co-CEO of Data Foundry, said the build-out was a response to demand from both existing and prospective clients.

"After an extensive one year process to determine the optimal funding partner, Data Foundry chose Chase due to its phenomenal leadership in the financial sector, competitive pricing, and high quality of service," she said.

The firm provides both retail and wholesale colocation space and products at Data Ranch will range from one cage to private suites, sizes starting at 2,500 sq ft.

Data Foundry says total power capacity at full build-out of the data center campus on the 40-acre Austin site will be 100MW.

The provider has an existing data center in Austin and another one in Houston.