Corinth is the next target for apartment builders.

Florida-based Landmark Cos. has landed $45 million in financing to build a rental community in the city. The Arden at Corinth apartments will be built on FM2181 near Interstate 35E.

The new rental community includes 268 apartments in two three-story buildings and 28 two-story rental town homes. Construction of the first phase is set to finish in early 2024.

Landmark Cos. said the entire project will cost $63.3 million. A New York debt fund provided construction financing.