Alerus reposted this
Proud to help Leon Capital Group reach this milestone by financing their $41.5 million multifamily development in Gilbert, AZ. This will fill a much needed demand for housing in the area. A huge shoutout to my Alerus team for the dedication, quick response and overall expertise to see this to the finish line.
Leon Capital Group is pleased to announce a significant milestone for our multifamily subsidiary, Leon Multifamily, which recently secured $134 million in construction financing for three development projects in Dallas-Fort Worth, Phoenix and Raleigh-Durham—representing 842 total units—all within a 30-day timeframe. “We are proud of our team’s ability not only to successfully finance these projects, but also to do so on an impressive timeline. While many real estate investors are adopting a cautious approach through 2025, we are embracing our proactive and contrarian strategy,” said David Cocanougher, President of Leon Multifamily. Blake Schroeder, Executive Managing Director of Leon Multifamily, added: “By building now – at more competitive costs – and delivering into a tighter supply environment, we are positioning Leon Multifamily for future rent growth, while distinguishing our business as one of the few players adding new supply to the market.” Read the full press release here: https://lnkd.in/gkP_vK6v #LeonMultifamily #RealEstate #InvestmentManagement