$6M Ground Up Multifamily Construction Loan in Dallas, Texas
A multifamily developer needed construction financing for a ground up project in Dallas, Texas. CapitalAx was engaged to source a loan sized for the p...
Situation
A multifamily developer needed construction financing for a ground up project in Dallas, Texas. CapitalAx was engaged to source a loan sized for the project and aligned with its construction timeline.
Challenge
Ground up multifamily financing requires a lender willing to evaluate construction risk, project economics, and the requested leverage before vertical construction begins. The borrower also needed a structure that provided non recourse financing and a term aligned with the build plan.
Deal Structure
CapitalAx arranged $6,000,000 of non recourse construction financing through a private lender. The loan carried an 18 month term and 75% loan to cost. The lender identity and other terms remain confidential.
Solution
CapitalAx presented the transaction to its lender network and matched the project with a private lender for the Dallas ground up multifamily construction loan. The resulting structure delivered the required $6,000,000 of construction capital with non recourse financing, an 18 month term, and 75% loan to cost.
Outcome
The financing closed with the agreed structure, giving the developer $6,000,000 of private construction capital for the Dallas multifamily project. The completed transaction demonstrates CapitalAx's ability to source non recourse financing for ground up multifamily construction.
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