August 3, 2017
Connect Texas Multifamily is just around the corner! To learn more about this Aug. 24 event, click here!
Developer Cypressbrook Co., headquartered in Houston, secured a $20-million construction/mini-perm loan from Texas Capital Bank to build the 266-unit Ariza College Station Apartments in College Station, TX. Texas Capital Bank provided a 36-month construction term and 24-month mini-perm loan, with 30-year amortization.
The project will go north on approximately 16.5 acres on Harvey Road. A groundbreaking date was not disclosed. The two- and three-story project will offer one-, two- and three-bedroom apartments, along with a clubhouse, pool and greenbelt area.
Cypressbrook Co. is a 20-year-old commercial real estate, real estate brokerage, management and development company. The firm, and its affiliates, have renovated and developed more than 5,000 units over the past five years.
For comments, questions or concerns, please contact Amy Sorter