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November 29, 2022
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Tru Development Locks Up New Financing of $246 Mil on Two Nevada Res Properties

1/28/22

Tru Development has obtained $246 mil in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. They were advised in the transaction by Lucent Capital.

KaktusLife@theCurve
KaktusLife@theCurve
KaktusLife@theCurve, a 356-unit multifamily development in Las Vegas, received $78.4 mil in non-recourse construction debt and $56.6 mil in Co-GP and LP Equity. The other property, theApex@Vista, a 360-unit multifamily development in Sparks/Reno, received $66.5 mil in non-recourse construction debt and $44.3 mil in Co-GP and LP Equity.





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