Trademark Property Company Secures $61M Construction Loan For Fort Worth Development Site

The Vickery, a mixed-use development located at 800 West Vickery Boulevard in Fort Worth, has secured land and financing for its construction. The project, developed by Trademark Property Company and led by Terry Montesi, will feature 307 apartments, 14 townhomes, and a restaurant. The construction is set to begin early next year and will be backed by a Tax Increment Finance District.

Summary of transaction details:

• Property Type: Development Site
• Loan Amount: $61,000,000
• Loan Type: Construction Loan
• Lender: First United Bank
• Landlord: Trademark Property Company - Terry Montesi

First United Bank has provided a $61,000,000 construction loan for The Vickery development in Fort Worth. Trademark Property Company, led by Terry Montesi, will oversee the project as the landlord. The mixed-use development will comprise 307 apartments, 14 townhomes, and a restaurant, and is supported by a Tax Increment Finance District.