Board authorizes subordinate financing cap for Ridge at Loop 12 after soils cost increase
The DHFC approved authorizing subordinate financing (up to $3 million per motion) to cover unexpected sitework and soil remediation costs at Ridge at Loop 12 after field diligence found higher earthwork needs.
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The DHFC board approved partnership resolutions authorizing subordinate financing to support the Ridge at Loop 12, a multifamily development at 1100 North Walton Walker Boulevard, following developer and staff presentations that field soils work revealed greater earthwork needs than initially budgeted.
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