BOISE, Idaho — October 23, 2023 — Stratton Capital Group has provided a $12.7 million non-recourse construction loan to finance the development of a 122-unit Class A multifamily community in Boise, Idaho. The project will feature a blend of studio, one-, and two-bedroom residences complemented by premium amenities that cater to the city’s growing population of professionals and families seeking high-quality rental housing.

Groundbreaking is slated for early 2025, with completion targeted for mid-2027. The loan structure includes a 75% loan-to-cost ratio and a three-year initial term with extension options, giving the sponsor flexibility throughout construction, lease-up, and stabilization.

“Stratton Capital Group brought efficiency and confidence to every stage of this financing,” said the Managing Partner of the development firm. “Their responsive team and understanding of the multifamily construction process made this an exceptionally smooth execution.”

Situated just minutes from downtown Boise, the property will offer residents convenient access to local retail, dining, and major employers. Planned community amenities include a resort-style pool, fitness center, co-working lounge, and outdoor courtyard with mountain views—all designed to elevate the resident experience.

“We’re proud to back experienced sponsors delivering quality housing in high-demand markets,” said David Jackson, Co-Chief Executive Officer at Stratton Capital Group. “Boise continues to demonstrate strong fundamentals and population growth, and this project aligns with our mission to provide flexible capital that supports sustainable community development.”