Anchor Loans has officially entered the multifamily lending market with the closing of a $94.6 million senior construction loan to support the development of a 439-unit Class A apartment community in Grand Prairie, Texas, marking a major expansion for the private real estate lender.
The financing will fund the development, construction, and stabilization of the project, known as Jefferson Southwest Parkway, in partnership with JPI, a nationally recognized multifamily developer. The deal also represents Pretium’s first direct, platform-level investment in the multifamily sector, building on operating capabilities already established within Anchor Loans.
Located within the Dallas-Fort Worth metropolitan area, the project is positioned between Dallas and Fort Worth and offers convenient access to major regional highways. The site also features direct connectivity to walking trails along its northern edge, enhancing livability and access to outdoor amenities.
Scheduled for completion in 2027, Jefferson Southwest Parkway will feature studio, one-, two-, and three-bedroom residences designed to meet growing housing demand in one of Texas’ fastest-expanding regions. Planned amenities include a resort-style swimming pool, fitness center, clubhouse, and dog park, reflecting continued demand for high-quality rental housing across the Metroplex.
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The project underscores Anchor Loans’ strategic move beyond its traditional residential lending focus into large-scale multifamily construction financing, while leveraging JPI’s extensive development track record. JPI brings more than 35 years of operating history and has delivered over 120,000 multifamily units across major U.S. markets.
“This financing reflects our commitment to supporting best-in-class developers who are delivering much-needed housing across this country,” said JP Ackerman, Chief Revenue Officer, Anchor Loans. “Launching our multifamily lending platform is a natural evolution of Anchor's business and aligns with Pretium's broader strategy to scale proven operating capabilities across new residential asset classes. We are excited to partner with a Sponsor as experienced and aligned as JPI and look forward to contributing to the successful delivery of this high-quality community.”
Anchor Loans, a Pretium company, has funded more than $22 billion in loans to date, providing capital to professional developers, builders, and investors through direct, broker, and institutional channels. Its expansion into multifamily lending reflects broader market trends as lenders seek to address persistent housing shortages in high-growth metros.
Pretium, founded in 2012, manages approximately $60 billion in assets and employs roughly 7,000 people across more than 44 offices globally, with a focus on residential real estate, residential credit, and corporate credit investments.
Originally reported by Anchor Loans in PR Newswire.
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