XAG Group has secured a $58.9 million loan from HALL Structured Finance to kick off construction on Rasha at Audobon, a 326-unit multifamily development in Magnolia, located northwest of Houston. The project will also feature a two-story retail center spanning 30,000 square feet.
Situated within the expansive 3,000-acre Audubon master-planned community, the garden-style complex will consist of five three-story buildings and two four-story buildings. Some units will be furnished and equipped with stainless steel appliances, quartz countertops, walk-in closets and private balconies or patios with yards. Residents can enjoy various amenities such as a pool area, fitness center clubroom lounge outdoor grilling stations dining areas and even a dog park.
Cullen Atchison from The Houston Group Realty Advisors facilitated the loan on behalf of XAG Group.
Established in 2017 as an independent company offering comprehensive services including retail leasing tenant representation land brokerage commercial development and property management XAG Group is ready to break ground on this exciting new project in Houston’s thriving real estate market.
