Great Southern Bank And Associated Bank Provide $60.47M Loan To Dominium For Affordable Housing In Manor

The asset involved in this transaction is a development site located at 12100 Tower Road in Manor, Texas. The property is part of an affordable housing project known as Emblem at Tower, consisting of 324 units in an 11-building complex. The project will feature two- to four-bedroom units along with amenities like a fitness center, pool, and a free weekly tutoring service offered for 15 hours.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $60,472,000
• Lender: Great Southern Bank
• Broker Representative: Randy Stille - Associated Bank
• Landlord: Neal Route - Dominium
• Loan Type: Construction
• Completion Expected: Early 2027

This transaction involves notable figures in the banking and development sectors. Randy Stille represents Associated Bank, a lender that, along with Great Southern Bank, provided the construction loan for this project. Neal Route, representing Dominium, is overseeing the development of the 324-unit affordable housing project.