Tower Capital Secures $72.9 Million Loan For Development Site In Fort Worth

The Village at Golden Triangle, a 30-acre development site located at North Riverside Drive and Golden Triangle Boulevard in Fort Worth, has secured $72.9 million in financing for its construction. The loan, a construction loan, was arranged by Kyle McDonough and George Maravilla of Tower Capital. The financing supports Empire Group's development of this 317-unit Build-to-Rent community, underscoring the continued growth of the BTR residential asset class in commercial real estate.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $72,900,000
• Address: North Riverside Drive & Golden Triangle Boulevard, Fort Worth
• Market: Fort Worth
• Landlord: Richard J. Felker (Empire Group)
• Brokers: Kyle McDonough & George Maravilla (Tower Capital)

Tower Capital's Kyle McDonough and George Maravilla played a crucial role in securing the financing for the Village at Golden Triangle project. Their efforts will contribute to the development of this Build-to-Rent community, which is expected to attract residents seeking modern and convenient rental options in Fort Worth.