Trinsic Residential Group Secures $50 Million Loan From Associated Bank For 300-Unit Development

A construction loan of $50 million was secured by Trinsic Residential Group for the development of Aura Brookview, which will consist of 300 Class A multifamily units situated on a 10-acre development site in Flower Mound, Texas. The project is part of a broader 240-acre master-planned community and will include four four-story apartment buildings alongside various resident amenities.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $50,000,000
• Address: Intersection of Cross Timbers Road & Highway 377
• Market: Flower Mound, TX
• Lender: Heath Davis - Associated Bank
• Landlord: Brian J. Tusa - Trinsic Residential Group

Heath Davis from Associated Bank was responsible for managing the financing for this project, which aims to enhance the residential landscape of the area with its planned construction. Brian J. Tusa represents Trinsic Residential Group as the landlord for this development initiative.