Updated Jul 30, 2026
Justin Webb Of Altura Homes Secures $53.9M Refinance Loan For 287-Unit BTR Community In Terrell
108 Fairmeade Drive
$53,900,000
Units
287
Asset Type
MultiFamily
Closing
May 28, 2025
About this deal
AI
108 Fairmeade Drive is a 287-unit build to rent community located in Terrell, Texas. The property was involved in a refinancing transaction with a loan amount totaling $53,900,000.
Summary of transation details:
- Property Type: Build to Rent
- Transaction Amount: $53,900,000
- Market: Terrell
- Lender: Jaime Arouh - LendingOne
- Landlord: Justin Webb - Altura Homes
- Broker: Sam Tarter - JLL
- Loan Type: Refinance
- Units: 287
JLL arranged the financing for Altura Homes to refinance the Woodlands Terrell community, which enabled the transition from existing construction financing to a senior loan provided by LendingOne.
On the Map
$53,900,000
MultiFamily
View full map
Players
Terrell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Sam Tarter to view all their deals.
Browse Terrell multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93