BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, closed on a $50 million construction loan with Southern Land Company to develop Capella, a 22-story, 272 unit apartment complex in the Symphony Park District of Las Vegas.  

The subject property, located at the northwest corner of Promenade Place and Symphony Park Avenue will also feature a five-story, 151,900 sq. ft. parking garage and 17,626 sq. ft. of retail space.

Capella’s unit mixture will consist of 55 studios, 126 one-bedroom units, 91 two-bedroom units, and 23 penthouse units.   Unit amenities include high-end finishes with pendant lighting, quartz countertops, stainless steel appliances, smart home technology, and movable islands.  Project amenities include a resident lounge, concierge services, fitness center, yoga studio, wellness center, saunas, steam rooms, a co-working lounge, dog run, bike storage and tune-up shop, rooftop swimming pool, spa, pool lounge with outdoor bar, TVs, and grills.

The project’s sponsor, Southern Land Company, is a national full-service real estate developer headquartered in Nashville, Tennessee.  SLC specializes in master-planned, single-family, multifamily, mixed-use, and hospitality developments created by a diverse team of industry-leading, in-house experts.  

This property is SLC’s third building in Symphony Park; their first, known as Auric, features 324 units and was completed in 2021 and their second, known as Bria, will consist of 275 units when completed (estimated for Q4 2025).  

“Expanding our real estate portfolio across the western U.S., especially in high-growth markets like Las Vegas, is central to our long-term lending strategy,” said Brian Jurczak, First Vice President, Commercial Real Estate Lending at BHI. “Our team is focused on deploying capital where we see sustained value and we’re proud to partner with the team at Southern Land Company to deliver more compelling inventory to this market.”