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NASB recently provided $3,825,000 in financing to support the bulk acquisition of 85 residential lots in Centerton, Arkansas.
The financing supports the continued development at Magnolia Landing, with future vertical financing anticipated for single-family homes within the community. Structured to meet the needs of an active residential homebuilder, the transaction provides capital to support continued growth in one of Northwest Arkansas’ expanding housing markets.
“Transactions like this demonstrate NASB’s ability to support builders and developers with flexible financing solutions that help bring new housing opportunities to growing communities,” said Liza Kemna, Vice President and Construction Loan Officer at NASB.
This project highlights NASB’s continued commitment to partnering with builders and developers both within and beyond its immediate footprint, Northwest Arkansas.
Project Snapshot
- Project Name: Magnolia Landing
- Location: Centerton, AR
- Financing Type: Acquisition
- Total Financing: $3,825,000
- Project Type: Residential lot development with future single-family vertical financing
- Scope: 85 developed lots
For more information about NASB’s financing capabilities, visit nasb.com/homebuilders.
