Landmark Cos., a Florida-based real estate development and management firm, has received $45 million in construction financing for the development of Arden at Corinth, a 296-unit, $63.3 million luxury multifamily community in Corinth, Texas.
An unidentified New York City-based debt fund provided the three-year loan. No additional details could immediately be learned.
Located at 3451 FM 2181, Arden at Corinth will comprise two three-story buildings with 268 units and four two-story townhouse buildings with 28 units. The first phase is slated for delivery by the first quarter of 2024. The apartments will feature spacious floorplans and nine-foot ceilings, as well as expansive windows, island kitchens, wood-style floors and private balconies or patios. Community amenities will include a clubhouse, pool, outdoor barbecues and a dog park.
URL: https://www.multihousingnews.com/landmark-cos-secures-45m-loan-for-dallas-area-development/