Aquarian Real Estate Partners & PACE Equity Provide $23.5M Loan For Multifamily Project In Celina

A development site located at 317 East Ownsby Parkway in Celina, Texas, is at the center of this transaction. The property is being financed for a multifamily project that will consist of 436 units in a four-story configuration, aiming to meet the growing demand in the North Texas market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $23,500,000
• Lender: Aquarian Real Estate Partners & PACE Equity
• Landlord: Payton Mayes - JPI
• Expected Completion: Late 2027
• Break Ground Date: December 2025

The financing provided by Aquarian Real Estate Partners and PACE Equity includes $23.5 million in C-PACE funding, specifically designated for the Jefferson Ownsby project, which will be equipped with Class A amenities.