Tower Capital secures $47.4 million in non-recourse construction financing for Village at Mayfair, a 217-unit Build-to-Rent (BTR) community located within the 1,900-acre Mayfair master-planned community in New Braunfels. The BTR community is being developed by Empire Group of Companies and will be built by Legacy MCS.
This marks Empire Group’s twelfth single-family build-to-rent project financed in partnership with Tower Capital. The gated community will feature cottage-style homes with an average unit size of 1,023 square feet and private patio or yard space.
Amenities at the Village at Mayfair BTR include a fitness center, car care station, BBQ grills, central pool and clubhouse. Construction is set to begin in Q2 2024 with the first homes available for occupancy in Q3 2025.
