Builders gain funding for new Garland apartment project

Anthem Development has lined up $63 million in funding for a new Garland apartment community north of Interstate-30.

Developers have lined up $63 million in funding for a new Garland apartment community.Debt and equity financing for the 10-acre development was arranged by Los Angeles-based Nova Capital for Anthem Development, a Beck Ventures Co.

“Equity groups and lenders are being very conservative with their underwriting assumptions and cautious with new investments.”

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