DLP Capital Funds Loan for Avilla Altamesa Development in Fort Worth
DLP Capital is proud to announce the successful closing of a bridge loan to NexMetro Communities, a premier developer known for revolutionizing leased-home community lifestyle.
The financing, originated through the DLP Lending Fund, will support the acquisition of land for Avilla Altamesa, an upcoming purpose-built, cottage-style build-to-rent (BTR) community in Fort Worth, one of the nation’s fastest-growing metropolitan areas.
Avilla Altamesa: A vibrant addition to Fort Worth
Situated on a 14.96-acre tract, Avilla Altamesa is planned for 153 mostly detached single level leased homes. Thoughtfully designed to accommodate a range of household sizes, the neighborhood, scheduled to open in late 2027, will feature a mix of 50 one-bedroom, 57 two-bedroom, and 46 three-bedroom homes.
Located just 9 miles south of downtown Fort Worth, Texas, in proximity to major highways, including Interstate 20 and Interstate 35W, Avilla Altamesa will offer residents convenient access to urban destinations such as Hulen Mall, Texas Christian University, and the Fort Worth Zoo.
The broader city of Fort Worth is a growing market in need of new housing. As the fourth-largest city in Texas and the 11th-largest in the United States,1 Fort Worth recently surpassed 1 million residents, having grown by 9.7% since 2020.2 This ongoing influx of new residents continues to drive strong, sustained demand for innovative housing solutions like Avilla Altamesa.
Strategic financing for land acquisition
To facilitate the purchase of this prime development site, the DLP Lending Fund extended a bridge loan to allow NexMetro Communities to acquire the land and execute its development strategy for the Fort Worth market.
NexMetro Communities: Pioneering build-to-rent living
NexMetro Communities is the nation's leading developer of cottage-style build-to-rent (BTR) neighborhoods, offering lifestyle-conscious consumers a luxury leased home experience without the burdens of ownership. Established in 2012, NexMetro has developed Avilla Homes neighborhoods in prime Sunbelt submarkets, including Phoenix, Dallas, Denver, Atlanta, Austin, and Tampa.3 The company has redefined the traditional housing market by combining the convenience of apartment living with the comforts of a single-family home, with more than 60 neighborhoods completed, under construction, and in development.
By redefining traditional apartment living through its focus on quality, privacy, and convenience, NexMetro aligns with DLP Capital’s mission to finance the building of Thriving Communities for America’s working families.