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Tremper Capital Group advised on the closing of an $84 million non-recourse construction loan for The Marianne on Inwood - a 164-unit Class-A+ seniors housing community in Highland Park, one of Dallas's most high-barrier-to-entry submarkets.
Tremper Capital Group advised on the successful closing of an $84,000,000 non-recourse construction loan for The Marianne on Inwood, a 164-unit Class-A+ seniors housing community situated on a prime Inwood Road site in the heart of Highland Park - one of the most high-barrier-to-entry submarkets in the Dallas MSA.
The development will deliver a fully integrated continuum of care, offering Independent Living, Assisted Living, and Memory Care under one roof. Designed to serve one of Dallas's most affluent and undersupplied submarkets, The Marianne on Inwood represents the type of institutional-quality seniors housing development that is exceedingly rare in this infill location.
TCG's involvement in this transaction reflects more than a single loan closing - it is the latest chapter in a relationship with Harbert South Bay Partners that spans over 20 years. Built on consistent execution, shared conviction, and a level of trust that can only be earned across cycles and milestones, that partnership has informed every aspect of TCG's engagement on this project. Having originally structured and placed the non-recourse land acquisition financing for this site, TCG supported the project through its earliest and most critical stage - securing the capital necessary to control a landmark piece of land in a market where sites of this caliber rarely come available. The successful closing of the construction loan marks the natural next step in a relationship built on trust, execution, and a shared conviction in the project's vision.
The $84 million non-recourse construction loan was placed with a regional bank lender, reflecting TCG's ability to identify and execute with the right capital partner for a development of this complexity and scale. Non-recourse execution on a ground-up seniors housing construction loan in today's lending environment is a meaningful achievement - one that speaks to the strength of the sponsor, the quality of the site, and TCG's relationships across the lending community.
TCG congratulates the entire Harbert South Bay team on this milestone and looks forward to continuing to support their national development platform as The Marianne on Inwood moves into construction.