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Colliers Arranges $40.7M HUD Construction Loan for Multifamily Project in Manor, Texas

Grassdale-at-Manor-Texas

Grassdale at Manor will be a 320-unit apartment community in metro Austin.

MANOR, TEXAS — Colliers has arranged a $40.7 million HUD loan for the construction of The Grassdale at Manor, a 320-unit multifamily project that will be located in an opportunity zone in the eastern Austin suburb of Manor. The market-rate community will consist of 10 garden-style buildings and 579 parking spaces. Units will feature one-, two- and three-bedroom floor plans. Colliers arranged the loan through a partnership with Old Capital Lending on behalf of The Grassdale at Manor LLC.

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