Trinsic Residential Group Secures $50 Million Loan From Associated Bank For 300-Unit Development
Cross Timbers Rd
$50,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 30, 2026
AI
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.
Players
Cross Timbers Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93