Partin Development Secured $42 Million Bridge Loan
The 1720 at Harvey apartment complex in College Station has received new bridge financing.
Updated on Sept. 22, 2026 in Apartments
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Dwight Investment Management provided a $42 million bridge loan to Partin Development for the 1720 at Harvey apartment complex. This financing will be used to refinance existing debt and generate cash-out proceeds for the developer.
Why it matters
Securing this bridge loan allows Partin Development to stabilize its capital structure for the 288-unit residential property. The complex is strategically positioned near Texas A&M University to capture demand from the local student and resident population.
The 1720 at Harvey property consists of 288 apartment units and is located one mile from the Texas A&M University campus. The complex officially opened to residents in 2023.
The players
Partin Development
This is a real estate development firm that manages and holds ownership of residential properties.
Dwight Investment Management
This is an investment firm that provides debt and equity financing solutions for commercial real estate projects.
Greystone Capital Advisors
This is a real estate capital advisory firm that facilitates financing and investment sales for commercial properties.
The details
The transaction was negotiated by Eric Rosenstock of Greystone Capital Advisors, with Katie Goldenberg of Dwight Investment Management originating the debt. This capital infusion follows a previous $24 million acquisition loan obtained by the developer in 2024.
Timeline
The 1720 at Harvey apartment complex opened in 2023.
Partin Development secured $24 million in acquisition financing in 2024.
The $42 million bridge loan closed in September 2026.
Culture Shift
This financing activity reflects a broader trend of commercial developers utilizing bridge debt to manage liquidity in high-interest rate environments. It marks a departure from traditional long-term construction loans, favoring flexible bridge structures to refinance existing obligations.
The stabilization of the 1720 at Harvey complex ensures that these 288 apartment units will continue to operate as a housing option for those living near the university. Residents should not experience changes to their daily routines or existing lease agreements due to this financial transaction.
The takeaway
Large-scale bridge loans are common tools for developers to optimize their balance sheets after initial project acquisition. For residents, the primary takeaway is that the property has secured the necessary capital to continue its long-term operations.
Further reading
For more context on the local residential market, visit Apartments.
Source note: This article includes information reported by Commercial Observer.
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