Associated Bank has closed a $50 million construction loan for Trinsic Residential Group to develop Aura Brookview, a Class A multifamily community planned in Flower Mound, Texas. The financing will support the ground-up construction of the rental project within Brookview, a 240-acre master-planned community at the intersection of Cross Timbers Road and Highway 377. Flower Mound is located approximately 35 miles north of the Dallas-Fort Worth metro area, positioning the development within commuting distance of the regional employment and population centers.
The Aura Brookview project is planned on a 10-acre site and will consist of 300 rental units. The residences will be spread across four separate apartment buildings, each designed as a four-story, elevator-served, wood-framed structure. The configuration reflects a mid-rise garden-style layout, with multiple buildings organized within the larger master-planned setting.
Amenity spaces at Aura Brookview are expected to play a significant role in the project program. Plans call for a clubhouse and co-working space to support resident interaction and remote work needs. Outdoor amenities will feature a private pool accompanied by a covered patio, along with grilling stations and fire pits designed for social gatherings. Pet-focused features include a dog park and dedicated dog washing stations, underscoring the pet-friendly positioning of the community. A secure parcel management room will be incorporated to handle package deliveries and e-commerce volume.
Parking at Aura Brookview will be delivered through a combination of surface parking and detached garages, offering residents a mix of standard and upgraded parking options. This blend of parking types is intended to serve a range of renter preferences within the Class A segment while supporting the overall site plan of the 10-acre property.
Trinsic Residential Group is described as a multifamily developer active in targeted regions nationwide, providing development, construction, and asset management capabilities. Its platform spans both high-end institutional garden-style properties and higher-density urban multifamily communities, aligning with the planned character of Aura Brookview as a Class A offering within a large master-planned community.
Associated Bank led the financing effort for the project. The bank announced the completion of the $50 million loan and noted that Heath Davis of Associated Bank managed the loan arrangements and closing. The transaction underscores the bank’s role in providing construction capital for multifamily projects and marks a key capital event for the Aura Brookview development in Flower Mound.
