parks
Civitas Closes $33.6 Million Senior Loan for 240-Unit Class A Multifamily Community in Rural Texas
Summary by Denton News Editorial Desk By Civitas Capital Group , as published by Denton Record-Chronicle
· August 5, 2026
· 1 min read
Photo: Denton Record-Chronicle · view original
Story provenance No corrections
Summary created by Denton News Editorial Desk — automated, rule-governed Byline on source page By Civitas Capital Group, as published by Denton Record-Chronicle Original story Read at the source Source published Aug 5, 2026 Indexed here Aug 6, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway 6 million, will finance the development of a 240-unit Class A garden-style community.
A significant loan has been closed for a multifamily community in rural Texas. 6 million, will finance the development of a 240-unit Class A garden-style community. The community, known as The Lucille, is located in Fredericksburg, Texas, and will be developed by Parkspring Multifamily.
Civitas Capital Group announced the closing of the senior construction loan. Further details about the loan and the development of The Lucille can be found through Civitas Capital Group's announcement.
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Category: parks Published: August 5, 2026 Source: Denton Record-Chronicle Reading time: 1 min
Frequently asked about this story
What is this story about? A significant loan has been closed for a multifamily community in rural Texas. The loan, valued at $33.6 million, will finance the development of a 240-unit Class A garden-style community. The…
When was this published? This article was first published on August 5, 2026 by Denton Record-Chronicle and curated for Denton News readers.
Who reported this story? This story was reported by By Civitas Capital Group at Denton Record-Chronicle. To learn more about how Denton News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more parks coverage from Denton News, or browse our daily briefing and topic hubs .
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