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DENTON, TEXAS — Millennium Crest LP has secured a $55.9 million HUD loan for the construction and permanent financing of Millennium Crest Apartments, a 245-unit project in Denton, roughly 50 miles northwest of Dallas. Kevin Gould of Colliers Mortgage arranged the loan, which carries a 40-year term/amortization.
Millennium Crest Apartments will offer a mix of 20 studio units, 155 one-bedroom units, and 70 two-bedroom units. Residents will have access to amenities such as a clubhouse, fitness center, pool, rooftop lounge with an outdoor deck and electric vehicle charging stations. Additional amenities will include a pet wash station, dog park and security-controlled access.