Empire Obtains $47.4M Loan for New Braunfels BTR Community

ConnectCRE | Jun 04 2024

Tower Capital arranged $47.4 million in non-recourse construction financing for Village at Mayfair, a 217-unit Build-to-Rent (BTR) community in New Braunfels. Empire Group of Companies (Empire Group) is developing the BTR community, which will be built by Legacy MCS. The project will be situated on nearly 20 acres within the 1,900-acre Mayfair master-planned community, which is located roughly 35 miles north of San Antonio and 40 miles south of Austin.

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