OakNorth provides USD 36.5 million senior loan for Fort Worth multifamily development

• OakNorth provided a USD 36.5 million senior facility in a USD 48 million co-loan with Hickory CRE Capital.
• Proceeds fund ground-up construction of Vic Centre, a 268-unit Class A workforce-housing multifamily project in Fort Worth, Texas.
• Borrower is VIC Partners, led by Mike Morley of M-13 Construction.
• Development totals about 242,000 square feet across nine three-storey residential buildings.

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