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Triten refinances 342-unit Mill Residences in Houston
The refinancing replaces the construction loan for the 2025-built property and adds capital for a retail buildout, Northmarq said.
Triten Real Estate Partners has secured refinancing for The Mill Residences, a 342-unit mid-rise multifamily community at 2315 Navigation Blvd. in Houston’s East End, according to ConnectCRE.
Northmarq arranged the refinance loan on Triten’s behalf, with Warren Hitchcock and Taylor Phillips credited for the transaction.
Northmarq said the refinancing was structured to replace the construction loan before final stabilization, provide additional capital for the project’s retail buildout, and give Triten the runway to complete the property’s business plan.
The Mills Residences offers class A studio, one- and two-bedroom apartments, and includes amenities such as a fitness center, yoga studio, poolside cabanas, and a lounge designed with high-speed connectivity for remote workers.