Civitas Closes $33.6 Million Senior Loan for 240-Unit Class A Multifamily Community in Rural Texas
The loan will fund The Lucille, a 240-unit community developed by Parkspring Multifamily, as Civitas expands its Texas multifamily lending.
- On Wednesday, August 5, 2026, Civitas Capital Group announced the closing of a $33.6 million senior construction loan to finance The Lucille, a 240-unit multifamily community in Fredericksburg, Texas, developed by Parkspring Multifamily.
- The project addresses a local housing supply shortage in Fredericksburg, where the workforce currently commutes from surrounding regions, driving Civitas's decision to support the new development.
- Qualifying for federal designation as a rural Targeted Employment Area, the site provides Civitas with confidence in the project's long-term viability and ability to attract necessary funding.
- The Lucille offers one-bedroom and two-bedroom floor plans alongside amenities including a resort-style pool, golf simulator, co-working space, clubhouse, and fitness center for future residents.
- Civitas focuses on creative solutions and disciplined execution, building on the firm's extensive history of developing or acquiring numerous multifamily units across the country.
27 Articles
27 Articles
Mason City Globe Gazette
Civitas Closes Fourth Financing with Realty Capital Family of Companies
DALLAS, Aug. 6, 2026 /PRNewswire/ -- Civitas Capital Group recently announced the closing of a $33.6 million senior construction loan for The Lucille, a 240-unit Class A multifamily community in Fredericksburg, Texas, marking the fourth financing between Civitas and the…
Star Local
Civitas Closes $33.6 Million Senior Loan for 240-Unit Class A Multifamily Community in Rural Texas
DALLAS, Aug. 5, 2026 /PRNewswire/ -- Civitas Capital Group announced the closing of a $33.6 million senior construction loan to finance The Lucille, a 240-unit Class A garden-style multifamily community in Fredericksburg, Texas, to be developed by Parkspring Multifamily.
Silver Arch closes $5.66 million loan for new 16-unit Long Island rental property
BGNYAVE LLC recently completed a 16-unit apartment building with ground-floor retail space in Huntington Station, New York. — Courtesy: Silver Arch Capital Partners By Joshua Burd The developer of a new 16-unit apartment building on Long Island has secured a $5.66 million loan from Hackensack-based Silver Arch Capital Partners. In a news release, the lender said the fully leased property in Huntington Station has helped meet growing demand for q…
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