Affinius Capital LLC today announced the closing of a $55.3 million loan to Stillwater Capital to refinance Crystal Springs, a two-building, newly-delivered, 387-unit multifamily property located in Fort Worth, TX.
Built in phases the first building delivered in July 2023 and demonstrated strong demand while the second building was completed in June 2024. With two, six-story structures and two structured parking facilities the 387-units include studios, one-bedroom and two-bedroom apartments with private balconies, walk-in closets, custom cabinetry, full-size washers and dryers, wood-style flooring, stainless-steel appliances and 10-foot ceilings.
Property amenities include a resort-style pool, a private courtyard, a two-story fitness center, co-working spaces, a gaming lounge, a dog park, a rooftop lounge and a speakeasy. The property provides tenants convenient access to downtown Fort Worth, the Trinity River Trail, West 7th Shopping District and the revitalized Cedars/Southside neighborhood.
Affinius Capital Managing Director Tom Burns commented, “It is gratifying to continue our relationship with Stillwater Capital with the refinancing of Crystal Springs. The high-quality, well-located, Class A property in Fort Worth’s vibrant River District provides easy access to walking trails, local restaurants and retail as well as to Lockheed Martin and the Naval Air Station Joint Reserve Base.”
About Affinius Capital LLC
Affinius Capital® (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $32 billion in net assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
