TRANSACTION OVERVIEW
Foss arranged $18,930,000 in senior debt financing alongside $13,480,000 in C-PACE financing for Garages of America at Firewheel, a luxury garage condominium development in Garland, Texas. Strategically located along the President George Bush Turnpike in Dallas County, the project is designed to serve high-end vehicle collectors, hobbyists, and small business owners seeking premium, customizable storage and workspace. The development consists of 71 luxury garage condominium units and 10 flex-use units, each individually owned and tailored for vehicle storage, personal workshops, and enthusiast use. The project incorporates energy-efficient building systems, enhancing long-term operating performance and asset value.
Foss led the development analysis process from initial underwriting through closing into construction. The Foss capital markets team structured a regional bank construction loan paired with a C-PACE layer to deliver an efficient, low-cost capital stack, and continues to support the project through ongoing asset management modeling.
KEY FEATURES
71 luxury garage condominiums with 10 flex-use units
Individually owned, customizable units with investment upside
Purpose-built for vehicle storage, workshops, and enthusiast use
Located along President George Bush Turnpike with regional accessibility
Energy-efficient design with HVAC, LED lighting, and water-saving systems
Community-oriented environment for collectors and small business users
PROPERTY DETAILS
UNITS: 81 (71 garage condos + 10 flex units)
PROJECT TYPE: Luxury Garage Condominium / Flex Industrial
