Dwight Capital Finances $66M Loan for 312-Unit Abilene Rental Community
Martin Inderman Development obtained a $66 million HUD 221(d)(4) construction loan for The Lariat at Abilene, a 312-unit luxury multifamily development in Abilene, TX.
Situated on 13 acres, the property will consist of 13 three-story garden-style apartment buildings—offering 186 one-bedroom and 126 two-bedroom units—six garages, and a clubhouse. Residents will enjoy smart-home technology and resort-style amenities, including a fitness center, pickleball court, outdoor grilling area, swimming pool, and EV charging stations.
The Lariat at Abilene is located within a high-growth corridor along Highway 83-84 in southern Abilene, with convenient access to retail, dining, healthcare services, and major employers including Blue Cross Blue Shield and Dyess Air Force Base. The Abilene market continues to demonstrate strong fundamentals, with Class A vacancy rates of just 2.3% as of Q1 2025 and comparable properties reporting average occupancy of 99.1%.
This loan was originated by Brandon Baksh and Tommy Ng of Dwight Capital on behalf of Martin Inderman Development.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout