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Texas  + Dallas-Fort Worth  + Apartments  | 
VIC Centre

VIC Partners Obtains Construction Loan for 268-Unit FW Workforce Rental Community

VIC Partners obtained a $36.5 million primary line of credit for the construction of Vic Centre, a 268-unit workforce-housing development at 7120 Anderson Blvd. in Fort Worth outside of Loop 820 and north of Interstate 30. The project is being developed by Vic Partners and M-13 Construction.

OakNorth Bank will provide the loan as part of a $48 million joint financing with Hickory CRE Capital, a commercial real estate lender. Concord Summit Capital arranged the construction loan. 

VIC suggests the cost of the construction will be $41.7 million.

The development will consist of nine three-story residential buildings, a clubhouse, fitness center, pickleball court and business center along with 402 parking spaces. 

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
  • ◦Financing