ORIX USA’s Real Estate Capital Group announced the closing of a $35 million construction loan that will be used to build a 204-unit, 3-story, Class A multifamily housing project in Southwest, U.S.
The property amenities will include a stainless-steel appliance package, quartz countertops, modern soft-close cabinets, premium wood-style flooring, a center kitchen island for bar-top eating, custom controlled a/c, full size washer and dryer, key fob locks, and spacious balconies/patios. The community amenities will include indoor entertainment space with billiards and TV lounge, Full-Swing® Golf Simulator by Tiger Woods & PGA Tour, co-working lounge and conference room, private entertainment space equipped kitchenette, complimentary coffee bar, outdoor entertainment space with grill stations and fire pits, resort-style pool and spa, reserved and covered parking, and 24-hour onsite maintenance.
“This opportunity marks our second closing with this client, and we are excited to provide non-recourse construction financing for this client. ORIX’s reliability and bespoke approach were key factors in successfully closing this multifamily construction loan,” said Adam Diamond, Managing Director, ORIX USA Real Estate Capital.
ORIX USA’s Real Estate Capital group is a proprietary commercial real estate lending business, delivering customized financing for a full range of property types in primary and secondary metropolitan markets in the U.S. and Canada. Loans made or arranged in California are pursuant to a California Financing Law license.