Rockhall Provides $34.8 Million HUD-Insured Loan for New Construction of 228-Unit Multifamily Property in Texas

11.28.2017
by Avi Brum

Rockhall announced it has provided a $34,792,300 loan to finance the new construction of Harbor Urban Center in Rockwall, TX.  The loan was originated by Kathryn Thompson of Rockhall’s Dallas office.  Harbor Urban Center will provide 228 class-A apartments with waterfront views situated across from the beautiful Lake Hubbard and Rockwall Harbor. The project with feature a leasing office, fitness center, business center,  game room, roof deck pool, outdoor grill and kitchen, and covered cabanas and seating areas.  The long-term FHA financing covers the construction period plus a 40-year term and amortization at a low, fixed rate (3.70%).