XAG Ready to Go on 326 Units, Retail in Houston

XAG Group has obtained a $58.9 million construction loan to start work on Rasha at Audobon, a 326-unit multifamily project in Magnolia, northwest of Houston. HALL Structured Finance provided the loan. The project will also include a 30,000-square-foot, two-story retail center.

The site is located within the 3,000-acre Audubon master-planned development, and the garden-style property will consist of five three-story buildings and two four-story buildings. Select residences will include furnished units with stainless steel appliances, quartz countertops, walk-in closets and private balconies/patios/yards. Amenities will include a pool, fitness center, clubroom, lounge, outdoor grilling and dining stations and a dog park.

Cullen Atchison of The Houston Group Realty Advisors arranged the loan on behalf of XAG Group.

Founded in 2017, XAG Group is a privately owned, full-service company with experience in retail leasing, tenant representation, land brokerage, commercial development, and property management.