Empire Group secures $72.9m in construction financing for build-to-rent community in Fort Worth
Empire Group secures more than $135 million in construction financing for the development of two projects in Texas. The company secured $72.9 million in financing for the Village at Golden Triangle, a 317-unit build-to-rent (BTR) community in Fort Worth. Empire Group also secured $62.4 million in non-recourse construction financing for the development of the Village at Hutto Station, a 276-unit BTR community north of Austin.
Tower Capital arranged the financing for both projects on behalf of the borrower.
The Village at Golden Triangle is situated on 30 acres near North Riverside Drive and Golden Triangle Boulevard in Fort Worth. The community includes a mix of one- to three-bedroom layouts and distinctive features such as private walkways in private yards, parking, pet doors, pet parks and dog washing stations. Amenities include a pool, outdoor grilling areas, a fitness center, community clubhouse and areas where residents can wash their cars. The units will feature s