Patterson Arranges Construction Financing for The Westermark in Houston, TX

Patterson Real Estate Advisory Group is excited to announce the successful closing of construction financing for The Westermark, a 165-unit Class A multifamily development in Houston, Texas, adjacent to Sugar Land.

Patterson advised Elm Real Estate Group on the capital raise, with Wintrust Commercial Real Estate providing the construction loan and Fundrise investing as the preferred equity partner.

“The Westermark reflects our conviction in high-quality suburban housing in markets with durable fundamentals,” said Brian Villa, Chief Investment Officer of Elm. “We appreciate the partnership of Wintrust, Fundrise, and Patterson in bringing this project to fruition.”

Press Release