Today, Trez Capital announced the closing of a $10MM loan to MM Chalk Hill, LLC, an affiliate of Centurion American.
FOR IMMEDIATE RELEASE / PRURGENT
Today, Trez Capital announced the closing of a $10MM loan to MM Chalk Hill, LLC, an affiliate of Centurion American. This loan will finance the first phase of the Chalk Hill development in Celina, which consists of 157 of the 440 planned single family lots. Chalk Hill is located at the southeast corner of Preston Road and County Road 102 in Collin County.
“Trez is pleased to play a key role in bringing to market a premier residential project in one of the strongest housing markets in the country,” said John D. Hutchinson, president of Trez Capital. “Since 2012, we have provided more than $600 million in commercial real estate financing for the D-FW region and more than $1.7 billion nationwide. We look forward to continuing to provide capital resources to fund a variety of real estate projects in Texas and beyond.”
Located in booming Collin County, Chalk Hill will sit between the major arteries of Preston Road and the future Dallas North Tollway in Celina. Residents of Chalk Hill will be a short drive to the major employment hubs of Plano, Frisco and McKinney. The City of Celina’s population has nearly doubled since 2010 and is currently estimated to be around 11,000 people.
About Trez Capital
Trez Capital is a multi-faceted commercial real estate capital source that provides mid-market property developers and owners with quick approvals on flexible short- to mid-term financings. In major markets across the U.S., Trez Capital offers financing for new residential communities, completed residential lots, multifamily developments, hospitality real estate and income properties. From its Dallas headquarters, Trez Capital has financed more than $1.7 billion in real estate projects in the U.S. since 2011. For more information, contact John D. Hutchinson, president of Trez Capital at 214.545.0952.