Leon Multifamily, a subsidiary of Leon Capital Group, announced that it has secured $134 million in construction financing in 30 days for three multifamily development projects representing 842 total units. The financing, which was secured from a combination of regional banks and nonbank financial institutions, includes:
$58.5 million from ACORE Capital for a multifamily development at 3000 Bearing Way, Morrisville, N.C. 27560
$41.5 million from Alerus Financial for a multifamily development at 3340 E. Warner Road, Gilbert, Ariz. 85296
$33.5 million from Broadway Bank for a multifamily development at Heritage Parkway and Miller Road, Mansfield, Texas 75219
