Tower Capital Arranges Loans for Two Texas BTR Communities

With the help of two construction loans, the Empire Group can get going on two Texas BTR communities. Tower Capital arranged more than $135 million in construction financing for the development of the two projects. The firm arranged $72.9 million in financing for the Village at Golden Triangle, a 317-unit BTR community in Fort Worth. Tower Capital also arranged $62.4 million in non-recourse construction financing for the Village at Hutto Station development, a 276-unit BTR community going up about 30 minutes north of Austin.

The Fort Worth community includes a mix of one- to three-bedroom layouts and distinctive features such as private walkways in private yards, parking that is convenient to residents’ front doors, and pet doors, pet parks, and dog washing stations. Amenities include a pool, outdoor grilling areas, a fitness center, community clubhouse and areas where residents can wash their cars. Construction on the Village at Golden Triangle is anticipated to commence this month. 

Kyle McDonough and George Maravilla with Tower Capital arranged the loans.