HALL Structured Finance Originates $37 Million Construction Loan for Orem Circle Apartments in Houston, TX

HALL Structured Finance (HSF) announced that the company has closed on a $37 million first lien construction loan for the development of Orem Circle Apartments, a Class A garden-style multifamily community located in Houston, Texas. The sponsor for the project is Texas Group. Asher Bittman represented Texas Group in this transaction.

Orem Circle will consist of 270 residential units across six, three-story residential buildings, with an average unit size of 901 square feet. The garden-style community will feature premium amenities including a fitness center, swimming pool, business center, resident clubhouse, bike storage, and covered parking.

The project is located in South Houston within the South Acres–Crestmont Park submarket, an area experiencing strong population growth and increasing housing demand. Orem Circle is situated approximately 4.5 miles from Houston Hobby Airport and 10 miles from downtown Houston, providing residents with convenient access to major employment centers and transportation.

“Orem Circle will deliver much-needed affordable housing in Houston, and we are proud to be part of that effort,” said loan originator and Vice President at HALL Structured Finance, Bryce Yamauchi. “This loan aligns with our broader initiative of deploying capital into multifamily projects, addressing the nationwide shortage of housing. It was a pleasure working with Texas Group, and we look forward to supporting their continued growth in the Houston market.”

Texas Group was established in 2015 and is headquartered in Houston. Led by Avishai Sivan, Danna Sivan, and Eli Amsterdam, the firm is very active and works with national and local builders and continues to expand its footprint across high-growth Texas markets.

“We’re pleased to have closed this financing with HALL Structured Finance during a challenging capital markets environment,” said Sivan. “Their team demonstrated a strong understanding of our vision for Orem Circle, including the importance of delivering high-quality, affordable housing in partnership with the Houston Housing Authority. This closing marks an important milestone as we move into the next phase of execution.”