Cohen-Esrey Receives $26M Loan for Multifamily Conversion Project in Texarkana

by Taylor Williams

TEXARKANA, TEXAS — Cohen-Esrey Development Group has received $26 million in financing for the rehabilitation of Hotel Grim in downtown Texarkana, a project that will convert the historic hotel into a 93-unit multifamily building. Hotel Grim Apartments will feature studio, one- and two-bedroom floor plans. The project is expected to be complete in the spring of 2021. The lender was not disclosed.

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