Closed Multifamily Development Loan
Royalton at Prosper
Prosper, TX
270-unit conventional multifamily community at 4320 S. Legacy Drive in Prosper, Texas, delivered in 2025 and managed by ZRS Management. Royalton at Prosper offers one-, two-, and three-bedroom apartments with quartz countertops, stainless steel appliances, and 9-foot ceilings, plus a resort-style pool, state-of-the-art fitness center, resident clubhouse with coffee bar, dog park, and grooming station in one of the fastest-growing suburbs in North Texas.
- Investment
- Debt (Senior Loan)
- Location
- Prosper, TX
- Asset class
- Conventional Multifamily
- HC2 participation
- $38,400,000
- Units/Beds
- 270 units
The Opportunity
Why we invested
HC2 originated the senior construction loan for this development, securing a first-lien position with an attractive risk-adjusted return backed by a sponsor guaranty. Prosper sits in the direct path of growth in Collin County, among the fastest-growing counties in the nation, and the loan structure provides downside protection while the brand-new community completes its lease-up.
Our portfolio showcases our ability to uncover unique opportunities, navigate complex transactions, and deliver strong, risk-adjusted returns for our partners.
Execution
Our role in the deal
Sourcing
We identify high-quality assets in supply-constrained markets and partnering with proven operators.
Asset Management
We provide investors quarterly reports, market updates, construction camera access, and audited financials.
Underwriting team
Gabriel Hidalgo, Doug Conner and Jim Crigler review and underwrite every HC2 Capital investment together.
Meet the teamThe property
Project gallery
Royalton at Prosper and its resort-style pool on S. Legacy Drive. 
Exterior view of the Royalton at Prosper buildings. 
Kitchen with quartz countertops in a Royalton at Prosper apartment. 
Fitness centre at Royalton at Prosper. 
Resident clubhouse lounge at Royalton at Prosper. 
Pool courtyard at dusk at Royalton at Prosper.
Related investments
Other HC2 Capital investments in the same asset class.
Investors
Investor Portal
Existing investors can access statements, K-1s and distribution history.
