Multifamily

AUSTIN — Southern Cross Construction has broken ground on 302-unit RiverView, an upscale apartment community that sits on a waterfront site by Lady Bird Lake in Austin. The 280,000-square-foot community will feature amenities such as a fitness center, business center, pool, resident lounge and a landscaped courtyard. BOKA Powell designed the development to LEED Silver certification standards. Dallas-based CDK Realty Advisors provided construction financing for the project, and The Whitworth Company is providing project management services.

TULSA, OKLA. — Dallas-based Metropolitan Capital Advisors has arranged two mortgages for the 226-unit Arbors of Southern Hills and the 328-unit Sand Dollar on the River in Tulsa. Both properties (located at 6630 S. Zunis Ave. and 910 E. 61st St. S., respectively) are more than 90 percent occupied. Todd McNeill of MCA arranged both loans with 10-year term and 30-year amortization schedule through a Fannie Mae DUS loan program.

HOUSTON — NorthMarq Capital has arranged permanent financing for the 304-unit Broadstone West 18th, a multifamily property located at 2727 W. 18th St. in Houston. Greg Duvall of NorthMarq's Kansas City, Mo., office arranged the financing with a 10-year term and 30-year amortization schedule through AmeriSphere Multifamily Finance on behalf of the borrower, West 18 Street Apartments Owner.