July 03, 2025 T-Max Lending LLC, a leading private real estate lender, has successfully closed a $53.5 million construction loan for the development of a 114-unit luxury multifamily project in Boulder City, Nevada. The project is being led by Avrex, a fractional real estate investment platform founded by CEO Ryan Triphahn, focused on democratizing access to commercial real estate while delivering consistent rental income to investors.
Located near Lake Mead and the Hoover Dam, the project aims to bring modern, high-quality housing to one of Nevada’s most scenic and in-demand regions. The funding package includes a four-year interest-only loan at a 10% rate, enabling swift execution and timely delivery of the project’s first phase.
Phase I will consist of luxury residential units, a structured parking facility, and a suite of community-centered amenities including a state-of-the-art fitness center, resort-style swimming pool, and landscaped communal areas. The development will incorporate sustainable infrastructure designed to support long-term neighborhood growth and livability.
The transaction was facilitated by Jackson Valerie, Vice President of Origination, and Mason Simmons, Chief Financial Officer at T-Max Lending.
“This is exactly the kind of project we strive to support,” said Mason Simmion, Chief Financial Officer at T-Max Lending. “Our mission is to empower visionary developers like Ryan Triphahn with flexible capital to bring transformative developments to life.”
“We’re proud to stand behind a project that not only enhances the Boulder City market but also aligns with our commitment to speed, certainty, and execution,” added Jackson Valerie.
“We are excited to support the groundbreaking of this marquee development in a region experiencing healthy growth,. “This is a premier investment opportunity and a natural fit for our lending platform.” he added.
Ryan Triphahn, CEO of Avrex, shared his appreciation for the partnership:
“T-Max Lending delivered what they promised efficiency, responsiveness, and creative structuring. Their team has been instrumental in helping us advance our mission of making real estate investing accessible to everyone.”
Construction is set to begin this last quarter of the year, and pre-development momentum has already drawn interest from both investors and future tenants who has shared the same vision as Ryan.
