Dwight Capital Provides $66M HUD Loan for Texas Multifamily Development
Martin Inderman Development has secured a $66 million HUD-backed loan for a luxury apartment project in Texas. This financing is critical as it supports the construction of The Lariat at Abilene, addressing the low vacancy rates in the growing market.
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Dwight Capital has closed a $66 million HUD 221(d)(4) construction loan for The Lariat at Abilene, a 312-unit luxury apartment project in Abilene, Texas. The development will feature 13 garden-style buildings containing 186 one-bedroom and 126 two-bedroom units on a 13-acre site.
Key amenities will include a fitness center, swimming pool, pickleball court, and walking trails. The location benefits from a strong local employment base, including Blue Cross Blue Shield and Dyess Air Force Base, and a low Class A multifamily vacancy rate of 2.3%.
Additionally, Martin Inderman Development previously received a $53 million HUD loan for another multifamily project in Amarillo, Texas, in October 2025. The successful financing of these projects reflects ongoing demand for housing in high-growth areas.
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