**Tower Capital Secures $58M Construction Loan for San Marcos BTR Project**
Tower Capital has arranged a $58 million construction loan for the development of the Village at Centerpoint Station, a 270-unit build-to-rent (BTR) community in San Marcos, Texas. The project is being developed by The Empire Group. This financing is part of a broader effort by Tower Capital, which recently secured more than $83 million for three BTR communities across Texas, Arizona, and Colorado.
The Village at Centerpoint Station will be located on approximately 24 acres west of the northwest intersection of I-35 and Center Point Road. Each unit will average 1,047 square feet and feature private patio or yard space. The development will also include a fitness center, car care station, BBQ grills, a central community pool, and a leasing clubhouse. Residents will have access to open recreational space and an outdoor walking path.
Tower Capital secured the financing through a national debt fund.
