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TRU Development Closes on a $41.5MM Construction Loan

TRU Development closed on a $41.5MM construction loan with Goldman Sachs on November 8, 2017. The loan will fund our Kaktus Life I project located at 10650 Dean Martin Drive, Las Vegas. The project is designed for 210 multifamily residential apartment units and 21,600 square feet of retail, restaurants or professional space.

Kaktus Life I is a luxury, 4-story, elevator served apartment community featuring a pool, 2 spas, outdoor entertainment facility, large courtyard, business center, game room, state of the art fitness center, smart home in unit integration, mint lockers for dry cleaning, fire pits, BBQ’s, cabanas and outdoor track with exercise stations.

The property is located minutes away from the new Las Vegas Raiders stadium, is close to the freeway and airport which make this community a desired location for an apartment seeking dweller.

Vertical construction is scheduled to commence on or around November 20, 2017.