Updated Aug 10, 2026
Summa Terra Ventures & M13 Construction Secures $50 Million Construction Loan For 268 Unit Multifamily In Fort Worth
7124 Anderson Boulevard
$50,000,000
Units
268
Asset Type
MultiFamily
Closing
Jul 24, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily development located at 7124 Anderson Boulevard in Fort Worth, consisting of 268 units. A construction loan in the amount of $50,000,000 has been secured for this project.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Address: 7124 Anderson Boulevard
- Market: Fort Worth
- Borrower: Summa Terra Ventures & M13 Construction
- Loan Type: Construction
- Brokers: David Larson & Keegan Burger - Concord Summit Capital
This transaction features key participants including Summa Terra Ventures and M13 Construction as the borrowers. The deal was brokered by David Larson and Keegan Burger, who represent Concord Summit Capital in this financial arrangement.
On the Map
$50,000,000
MultiFamily
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Players
Fort Worth MultiFamily Market Snapshot
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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