Tower Capital arranged a $58 million construction loan for the development of the Village at Centerpoint Station, a 270-unit BTR project in the San Marcos, TX being developed by The Empire Group. The loan was part of an announcement that the company arranged over $83 million for three build-to-rent (BTR) communities in Texas, Arizona and Colorado.
The Village at Centerpoint Station will be situated on roughly 24 acres of land just west of the northwest intersection of the I-35 and Center Point Road. Each home will have an average unit size of 1,047 square feet and offer some level of private patio or yard space. The overall community will also offer a fitness center, car care station, BBQ grills, a central community pool and leasing clubhouse. The community will include such amenities as open recreational space and an outdoor walking path.
 Tower Capital was able to secure the financing via a national debt fund. Â
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