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Banks Pump Brakes on Multifamily Construction Funds

At the same time DFW is adding residents at a record pace and demand for new rental housing remains solid, lenders have had to adapt with structuring creative non-traditional financing solutions.

By Lisa Brown | lisabrown | Updated on August 18, 2017

The View of Fort Worth The View of Fort Worth, a 300-unit community, anticipates occupancy by late 2018.

FORT WORTH—While multifamily construction financing has become challenging to obtain, a project along the Trinity River near Interstate 35-W is a lucky beneficiary of funding, timed to coincide with the population growth in DFW. Talos Holdings expects to break ground this month on The View of Fort Worth, a 300-unit community, and have units ready for occupancy by late 2018. A second phase could add 200 units, bringing the project total to 500 units.

The funds were provided by Endeavor Real Estate Partners out of Austin and secured by Justin Shuart, Jason Pumpelly and Brian Park of Cushman & Wakefield on behalf of Talos Holdings. The timing is right to move forward with the project, says Cushman & Wakefield.

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