Red Oak Capital Provides $3.4M Bridge Loan for Killeen Apartment Complex

by Taylor Williams

KILLEEN, TEXAS — Red Oak Capital Holdings has provided a $3.4 million bridge loan for Cedar Creek Apartments, a 60-unit multifamily complex located in the Central Texas city of Killeen. Built in the early 1960s and renovated in 2024, Cedar Creek is a 15-building complex with one- and two-bedroom units. Nick Jans of Red Oak originated the 12-month loan on behalf of the borrower, JCORE., which was represented by Regions Bank in the debt placement. Proceeds will be used to fund the acquisition of the property and subsequent capital improvements.

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