Empire Secures Loan for Hutto BTR Community

Empire Group of Companies has closed on a $62.4 MM loan, allowing the company to begin construction on its first Texas Community, Village at Hutto Station. The new build-to-rent development will be in close proximity to the Hutto Mega TechCenter and new Samsung Semiconductor plant. 

The loan is from Arbor Realty. The project is Empire Group’s fifth single-family build-to-rent project financed in partnership with Arbor. The general contractor for the project is Austin-based Legacy MCS and the build is anticipated to take two years to complete. 

The new development will consist of 276 units on 30.6 acres and will offer one-, two- and three-bedroom rental homes with floor plans from 680 to 1,300 square feet. The homes will feature private backyards and smart home technology packages. Renters also will have access to a resort-style pool and jacuzzi, barbecue and fire pits, a fitness center, clubhouse, walking paths and a dog park.