148-Unit Premium Community in Celina

The project envisions a high-density, LEED-certified Garden-Style Multifamily Community featuring 148 premium apartment units. With a speculated construction cost of $225/sqft, the plan includes comprehensive site development: advanced soil stabilization, modern basement/foundation engineering, and high-strength concrete-steel architecture. The 7.4-acre site will offer a "resort-living" environment, integrating expansive surface parking, a modern children’s playground, and an engineered smart-drainage system. This development is designed to provide luxury workforce housing in the heart of Celina’s most active residential pipeline.  

Financial Breakdown:  

The property’s total equity is $5.79M, which is basically the entirety of the land price. The total construction cost is projected to be $39.96M, entirely debt financed at 6.00%, which will be converted to a 30-year mortgage. The payments will follow a capital repayment structure. Of the equity, regardless of the financial contribution between the general and limited partners, there will be a 20-80 ratio for distributing any excess cash flows. The 7 th year is expected to be the exit year for any of our endeared short or medium-term individual and commercial clients. Based on the projected numbers, on the liquidation of the asset, the LP investors will receive a one-time $18.90M aside with some yearly distributions as well, thus making their investment 4.18X, to $24.17M. In these 7 years, the GP will make a total of $4.59M, and the LP will make $18.39M. The unlevered IRR of this project is 9.26%, and the levered IRR is 20.81%.