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Trademark Secures $61M Construction Loan for FW Apartments
Trademark Property Company has closed on the land and secured the financing for The Vickery, a multifamily-led mixed-use community located on five acres overlooking Downtown Fort Worth.
The community will consist of 307 apartments, 14 townhomes, and a 5,300-square-foot standalone restaurant building with a second-story lounge. The residences will feature a large public green space, a pickleball court, two dog parks, a coworking lounge, electric vehicle charging stations, a rooftop lounge, and a heated resort-style pool.
The City of Fort Worth helped establish a Tax Increment Finance District (TIF) which will pave the way for improved sidewalks, lighting, public spaces, and other upgrades to the surrounding infrastructure.
Construction is expected to begin early next year. The Dallas and Fort Worth offices of design firm GFF serve as the project architect.
First United Bank provided the project’s $61 million construction loan, while SCOA Real Estate Partners is the primary capital partner.
- ◦Development
- ◦Financing
