More Texas Multifamily Loans Moved to Servicing in Late July

More Texas multifamily loans moved to servicing in late July

Keener Investment Management saw two properties fall into servicing, while the values of other Texas assets were reduced.

Concord Summit Capital Arranges $50M Construction Loan for 268-Unit Multifamily Project in Fort Worth Texas

Concord Summit Capital (“CSC”), a leading intermediary between sponsors and capital providers for commercial real estate debt and equity financing, has arranged a $50 million construction loan for Vic Centre Apartments, a 268-unit Class A multifamily community in Fort Worth, Texas. The financing was structured as an 80% loan-to-cost capital stack, combining senior construction debt […] The post Concord Summit Capital Arranges $50M Construction L…

Concord Summit Capital Arranges $50 Million Construction Loan for 268-Unit Multifamily Project in Fort Worth, Texas

Concord Summit Capital, a leading intermediary between sponsors and capital providers for commercial real estate debt and equity financing, has arranged a $50 million construction loan for Vic Centre Apartments, a 268-unit Class A multifamily community in Fort Worth, Texas. The financing was structured as an 80% loan-to-cost capital stack, combining senior construction debt with mezzanine financing — a solution designed to help the sponsor execu…