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

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:

• Property Type: Development Site
• Transaction Amount: $66,000,000
• Asset Address: McKinley Drive, Abilene, TX
• Asset Size: 13 acres
• Landlord: Austin Martin - Martin Inderman Development
• Originators: Brandon Baksh & Tommy Ng - Dwight Capital
• Loan Type: Construction

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.