DALLAS, TX - Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and joint venture partner Pondmoon Capital USA, announced the groundbreaking of Mirra, a new five-story, 285-unit luxury mid-rise rental community totaling more than 330,000 square feet in the rapidly growing city of Frisco, Texas. Mirra is being financed through a $49.5 million construction loan facility from Santander Bank N.A.
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Santander provided a construction loan for the project. Toll Brothers Apartment Living and Pondmoon Capital USA have broken ground on Mirra, a five-story luxury rental community near Dallas.