Trez Capital finances multifamily development in Springdale
The $37 million loan will help create 129 apartments and 97 rental townhomes.
As demand for multifamily housing increases and a need for office space decreases, Trez Capital decided to fund a $37.344 million construction loan to redevelop empty businesses into apartments and rental townhomes.
Once finished, the 10.85-acre site will have 129 apartments and 97 rental townhomes.
