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