Lending Portfolio
Transaction Details
Orem Circle Apartments will be a Class A garden-style multifamily community located in Houston, Texas. The project will consist of 270 residential units across six, three-story residential buildings, with an average unit size of 901 square feet. The project is located in South Houston within the South Acres–Crestmont Park submarket, an area experiencing strong population growth and increasing housing demand. The sponsor for the project is Texas Group.
Deal Basics
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location
Houston, TX
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loan amount
$37 Million
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loan type
Construction Loan
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property type
Multifamily
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