Techo provided a $43.1MM senior construction loan for a 287-unit build-to-rent project in the Woodlands submarket of Houston, TX. The project was led by a seasoned Sponsor with a track record of success in projects of a similar size and scope.
The community offered a variety of housing options with unit configurations up to 3 bedrooms, including parking in front of each unit, active and passive communities amenities, and a job-proximate location that served families earning less than 120% of Area Median Income.
The Sponsor's performance was both on time and on budget despite navigating cyclical complexities.
Techo provided a $49.8 million revolving construction loan for the construction of a 110-unit single-family community. This project highlights our dedication to projects that has a significant social and environmental impact.
The project spans more than five product types serving consumer with diverse incomes with product that ranges from $300k-1MM. In addition, the community is designed to meet the Living Community Challenge, thereby offering long term sustainability and minimizing the environmental impact.
The combined benefit of middle income affordability and sustainability are highlights of the "Net Zero" community that align with Techo's mission to foster thriving neighborhoods.
