Landmark Companies Secures $46.5M Construction Loan From S3 Capital For Denton Development Site

The asset involved in this transaction is a development site located at the intersection of North Loop 288 and North Locust Street in Denton, Texas. Landmark Companies has secured a construction loan amounting to $46.5 million for this project, which will consist of 306 units spread across 12 buildings. This rental community aims to offer garden-style living in the Denton market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $46,500,000
• Lender: S3 Capital
• Landlord: Landmark Companies
• Loan Type: Construction
• Market: Denton
• Note: This deal marks S3 Capital’s entry into the Texas market following Landmark’s recent bridge loan.

Key individuals involved in the transaction include Joshua Crane and Steven Jemal, who represent S3 Capital as the lenders. Julia Baytler represents Landmark Companies as the landlord in this construction loan agreement.