Crestline Management, L.P. (“Crestline”) is pleased to announce the closing of a $56.0 million senior secured bridge loan to Bridgeview Real Estate (“Bridgeview”), a Dallas-based, vertically integrated real estate investment and development firm. The loan is secured by Woods at Forest Crossing, a 288-unit Class A garden-style multifamily community in Denton, Texas, which Bridgeview developed and delivered in 2024. Proceeds were used to refinance the Property’s existing senior debt, with the loan structured to support Bridgeview’s plan to place the Property into a Housing Finance Corporation structure in partnership with the City of Denton, which will restrict a portion of the community’s units to income-qualified households.
“Woods at Forest Crossing is a newly built, well-amenitized community that has leased up quickly in a Denton market anchored by the University of North Texas and Texas Woman’s University. As our second transaction with Bridgeview, we are pleased to continue our partnership with their team,” said Seb Trujillo, Vice President at Crestline.
“Crestline knew our team and our business plan from our first deal together, and they structured a facility that gives us the flexibility to bring Woods at Forest Crossing to stabilization and complete the HFC process,” said Aubrey Ennis, Managing Director at Bridgeview Real Estate.
About Crestline Management, L.P.
Crestline is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $18 billion of credit assets under management (as of June 30, 2026) including its capital solutions, direct lending, and portfolio finance platforms. Crestline operates as part of Rithm Capital Corp. (NYSE: RITM), a global alternative asset manager with significant experience managing credit and real estate assets and an integrated platform that spans asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit. For more information, visit www.crestlineinvestors.com.
About Bridgeview Real Estate
Bridgeview Real Estate is a vertically integrated commercial real estate investment and development firm founded in 2011 and headquartered in Dallas, Texas. The firm focuses on multifamily and mixed-use properties across Texas, with in-house capabilities spanning acquisitions, development, construction, capital markets, brokerage, and property management. For more information, visit www.bridgeviewre.com.
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