Nexus Cos Secures $180 Million Construction Loan From Beal Bank For Vivante Turtle Creek Development

The asset involved is a development site located at 2505 Turtle Creek Boulevard in Dallas, spanning 1.4 acres. The property, associated with a $180,000,000 construction loan, is set to develop Vivante Turtle Creek, a luxury senior living tower. The project will accommodate 193 units and is located in the upscale Turtle Creek neighborhood.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $180,000,000
• Lender: Beal Bank
• Landlord: Curt Olson - Nexus Cos
• Architect: HKS
• General Contractor: Andres Construction
• Project Features: Condo-style independent living, assisted living, memory care, and penthouses

This transaction was facilitated by Curt Olson, representing Nexus Cos., marking their first project in North Texas. The partnership with Beal Bank and private investors highlights the strategic financial backing for the development of this significant senior living facility.