Empire Group is set to begin development on two BTR communities in Texas, thanks to the assistance of two construction loans. Tower Capital, a leading financial firm, has secured over $135 million in financing for these projects. The Village at Golden Triangle, a 317-unit community located in Fort Worth, received $72.9 million while the Village at Hutto Station development near Austin was granted $62.4 million.
The Fort Worth community offers a variety of one- to three-bedroom layouts and unique features such as private walkways and yards for residents’ convenience. Other amenities include designated parking areas near front doors, pet-friendly facilities like dog parks and washing stations, as well as a pool and fitness center for all residents to enjoy. Construction is scheduled to commence this month.
Kyle McDonough and George Maravilla from Tower Capital were responsible for arranging these loans.
This article originally appeared on Connect CRE’s website.
