Hayward townhome-condo project lands $105M construction loan
The Real Deal reported that The True Life Companies has landed $105 million in construction financing from Madison Realty Capital for its 189-unit townhome-condo development in Hayward in the East Bay. Dubbed “SoMi,” the multi-phase project near Mission Boulevard and Tennyson Road has 123 townhomes consisting of three- and four-bedroom units and 66 condominiums — 20 of which would be affordable for those making moderate incomes — consisting of two- and three-bedroom units. The entire development also includes about 10,800 square feet of ground-floor commercial space, an urban park and a dog park. TTLC is developing the new residential community in partnership with Hillwood, a Dallas-based real estate development company.