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Primrose Capital Arranged $33 Million in Construction for Alder at Prosper Senior Living

Prosper, TX – Primrose Capital announced today that it arranged approximately $33 million in financing on behalf of Alder Development for the development of Alder at Prosper, a luxury-lifestyle active adult community located in Prosper, Texas.

Primrose Capital worked on behalf of the developer to secure the financing through a Texas based bank for the 25 year fixed rate financing. The proceeds of the loan will be used to commence development of the beautiful community. Upon completion, Alder at Prosper will include 188 Beds, swimming pool, pickle ball courts, a club room, chef kitchen and various other communal ammenities for residents to enjoy. Joshua Emory, a Principal at Primrose Capital commented “We are very excited to have capitalized this development which will be a remarkable addition to the growth of the City of Prosper. The sponsors at Alder Development have been pioneers across Texas for years and have programmed something truly special for this site. While there was strong interest from the lending community for the financing, the lender was able to work quickly to deliver very accretive mid 5% fixed rate financing for this development which was unheard of in the market.”

Primrose Capital, LLC is a fully integrated real estate capital advisory firm with offices in Miami, New York and Los Angeles, specialized in the placement of debt financing and joint venture equity for leading real estate institutions, developers and property owners throughout North America. As a trusted advisor, Primrose Capital is an expert at structuring custom tailored financing solutions for some of the most complex commercial real estate transactions.


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