Trez Capital closed on a $29.4 million construction loan for Austin-based developer JLM Living to develop the build-to-rent community The Eleanor Rio Rancho Cabezon.

The Eleanor Rio Rancho Cabezon is located at 2300 Westside Blvd. SE in the Cabezon neighborhood near the Village at Rio Rancho across from Presbyterian Rust Medical Center. The property sits on 10.6 acres and will feature 126 single-family and duplex homes ranging from 650 to 1,500 square feet. Homes feature attached garages and a view for every unit. Residents will also enjoy a luxury amenity center with separate clubhouse and fitness buildings, along with a pool and common green spaces. 

The first 30 units are expected to be finished in the summer of 2025, and the project is expected to be completed in 2026. 

Trez Capital provides private financing to property developers for a variety of purposes including acquisition, refinancing, horizontal development, vertical development, land banking/lot banking and bridge financing on property deemed suitable to their investment strategy.