Founders Development Company has announced its latest multifamily development project will be RailRoad Lofts. a part of the master-plan Railhead Addition in Cleburne, Texas.
According to the company, the project will be a mixed-use project featuring townhomes, build-to-rent homes, retail, restaurants, a hotel, and a medical center. The development will receive $57 million in funding through a 40-year fixed-rate HUD loan, with the remaining $13 million open to private investors as limited partners.
“This project checks every box: growth corridor, entitlement-ready land, high-demand multifamily housing, and a mixed-use vision that builds real community,” said Cary Clarke, president of Founders Development Company. “After evaluating countless opportunities, this is the first one in over a year that lit up green from every angle, from land to demand price, rent growth potential, and location. We’re proud to offer our investors a stake in something substantial, sustainable, and transformational.”
