Texas Group Secures $37 Million Construction Loan From HALL Structured Finance For Orem Circle Apartments

The transaction involves a development site in South Houston known as Orem Circle Apartments, comprising 270 units across six buildings. The project, led by the Texas Group, will include 901-square-foot units along with amenities such as a pool, fitness center, business center, and clubhouse. The expected completion date for the development is fall 2027.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $37,000,000
• Lender: HALL Structured Finance
• Landlord: Avishai Sivan, Danna Sivan & Eli Amsterdam - Texas Group
• Broker: Asher Bittman - Sheridan Capital
• Loan Type: Construction

The deal incorporates notable individuals such as Avishai Sivan, Danna Sivan, and Eli Amsterdam, who are representing Texas Group in this transaction. Asher Bittman from Sheridan Capital served as the broker for the deal, facilitating the financing provided by HALL Structured Finance.