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atalyst Urban Development secured an $81 million loan to refinance debt on a Dallas-area apartment building, Belt and Main, a 350-unit multifamily property in Richardson. The loan from Affinius Capital will retire the property's construction loan and allow the developer to finish construction while leasing up. The deal, facilitated by JLL, amounts to $231,000 per apartment unit. Belt and Main, located at 150 West Main Street, offers ground-level retail, a pool, fitness center, and grilling stations, with easy access to U.S. Highway 75. The Federal Reserve's recent rate cut may increase cash availability for projects like Belt and Main, as the Dallas-Fort Worth multifamily market is seeing a surge in supply, resulting in a more than 3 percent decline in rents over the past year. Catalyst Urban Development focuses on mixed-use development in the Metroplex and Waco, while Affinius Capital manages $64 billion in assets and is based in San Antonio.