Landmark Companies Obtains $45M Construction Loan For Arden At Corinth Multifamily Project

The Arden at Corinth multifamily project in Texas has secured $45 million in construction financing. Developed by Landmark Companies and represented by William B. Spencer of Landmark Companies, this development site is set to feature 296 units and resort-style amenities. The construction loan, with a three-year term, will support the project's completion, with the first phase scheduled for delivery in Q1 2024.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $45,000,000
• Address: 3451 FM2181, Corinth
• Market: Corinth

Landmark Companies, led by William B. Spencer, was successful in obtaining the $45 million construction loan for the Arden at Corinth multifamily project. This loan will enable the development to progress as planned, providing much-needed housing options in the area. With its strategic location and desirable amenities, the Arden at Corinth is poised to make a positive impact on the local real estate market.