Astoria Crossing

March 10, 2026

Hillcrest Finance, a Saluda Grade Company, Closed a Loan in Connection with the Refinancing of Astoria Crossing, a Civitas Community

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March 10, 2026 – Hillcrest Finance, a Saluda Grade Company, closed a $17.0 million, five-year, floating-rate senior loan secured by Astoria Crossing, a Civitas Community. This is a newly developed 266-lot manufactured housing community (MHC) situated on ~79 acres within the Dallas–Fort Worth metro area. The community was completed in 2024 and is currently in lease-up.

Transaction highlights include:

  • Loan Purpose: Bridge refinancing of construction debt
  • Sponsorship: Backed by an experienced Texas-based manufactured housing developer
  • Amenities: Gated access, clubhouse, swimming pool, fitness center, playground, and on-site management
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Hillcrest is controlled by Saluda. As a result, Saluda may have conflicts of interest with respect to transactions involving Hillcrest. Additional information about conflicts and how they are managed is available upon request. Disclosures should be read together with the firm’s Form ADV and other regulatory filings.

This announcement is not a recommendation, offer or solicitation and there is risk investing in the Trust. Past performance is not indicative of future results.

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