Millegan Creek Apartments
This case is accompanied by a Video Short for Premium Educators to show in class. To watch the video or display to students, click on the video icon. Fleet Bank is considering a construction loan for a 390-unit apartment project in Austin, Texas. The case describes the location, market, product, and other real estate factors the bank needs to consider in making this loan. Also discusses the financial and construction risks involved in structuring this kind of credit facility.