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Mckinley Drive

Martin Inderman Development Secures $66M Construction Loan From Dwight Capital For Abilene Development Site
FINANCEDDevelopment Site

Martin Inderman Development Secures $66M Construction Loan From Dwight Capital For Abilene Development Site

Mckinley Drive

$66,000,000

Building Size

Asset Type

Development Site

Closing

Jul 23, 2026

AI

The asset involved in this transaction is a development site located on McKinley Drive in Abilene, TX, encompassing 13 acres. The project, known as The Lariat at Abilene, is a multifamily development comprising 312 residential units and is supported by a loan amount of $66 million for construction purposes.

Summary of transaction details:

This transaction involves key individuals such as Austin Martin, who represents the landlord, and Brandon Baksh along with Tommy Ng, who are the originators facilitating the loan through Dwight Capital. The development will feature amenities like a pool, fitness center, and pickleball court, contributing to its multifamily offerings.

Players

Austin Martin

Martin Inderman Development

Landlord

$119M

vol

2 deals

Landlord

Brandon Baksh

Dwight Capital

Originator

$352M

vol

8 deals

Originator

Stamford Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93