Parkside Flats

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UPDATE - February 2026

The Commercial Drive Multifamily Development is a planned 159-unit, ground-up apartment project located on 4.68 acres in Taylor, Texas, a rapidly growing Central Texas market. The project is being developed by an experienced, vertically integrated team with a track record across multifamily acquisition, development, and operations.

Total project capitalization is approximately $32.1 million, including $9.5 million of equity, with the balance anticipated to be financed through a HUD-insured loan. The development is structured to utilize long-term, fixed-rate HUD financing featuring a 40-year amortization and approximately 71% loan-to-cost, allowing for an efficient capital structure relative to conventional construction financing.

The site is located adjacent to City Lake Townhomes, an affiliated residential community, and sits within close proximity to major regional employment drivers, including Samsung’s semiconductor manufacturing campus. The project is currently in the predevelopment and site plan approval phase, with architectural and engineering work underway.