40
DALLAS — Leon Multifamily has received $134 million in construction financing for three developments from a combination of regional banks and non-bank financial institutions. The planned communities will total 842 apartment units.
- ACORE CAPITAL provided $58.5 million for a project located at 3000 Bearing Way in Morrisville, North Carolina, roughly 15 miles west of Raleigh, North Carolina.
- Alerus Financial issued $41.5 million for a development at 3340 E. Warner Road in Gilbert, Arizona, approximately 20 miles southeast of downtown Phoenix.
- Broadway Bank provided $33.5 million for a property underway at Heritage Parkway and Miller Road in Mansfield, Texas, a suburb of Dallas located about 20 miles southeast of Fort Worth, Texas.
Leon Multifamily is a subsidiary of Dallas-based Leon Capital Group. Over the last two years, the company has initiated or completed more than 2,300 units across seven developments.