Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Finance  | 

$40M Refi Arranged for Retreat by Watermark Apartments

Developer Watermark Residential obtained a $40 million loan to refinance its 324-unit Retreat by Watermark in Corpus Christi, TX. Peter Martz, Akiva Friend and Israel Schubert with Meridian Capital Group arranged the 10-year, non-recourse loan on behalf of the sponsor. The full-term, interest-only loan carries a favorable fixed rate.

Retreat by Watermark is at 5721 Timbergate Dr. The complex consists of one, two and three-bedroom units. On-site amenities include a fitness center, movie room, covered parking, swimming pool and a game room with billiards.

The property, which is situated on 14.8 acres, delivered in 2017.

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Connect with Meridian CapitalConnect with Watermark Apartments

About Connect CRE

  • ◦Financing