About $16 million has been provided for construction financing for the 240-unit Lost Spurs Apartments in Ft. Worth. Lost Spurs Apartments LLC is the developer of the project, which had gotten under way in late March. Completion is set for June 26, 2002.WSI Architects has designed the gated-access community, which totals 13 buildings, office and clubhouse. Amenities include a swimming pool, unit intrusion alarms and nine-foot ceilings.

The financing has been provided via HUD's 221 (d) (3) full-insurance, fast-track program. The 40-year loan is fully assumable.

More than $23.7 million has been financed for Inwood on the Park in Dallas, a 312-unit project of In-Wood Partners LP. AWA Architects Inc. has designed the four-story building, which boasts an elevator, attached parking garage, swimming pool and gated access. Construction had kicked off April 1, with an Oct. 1 delivery anticipated.

Inwood's financing is coming from HUD's 221 (d) (4) full-insurance, fast-track program. It also is a 40-year assumable loan.

Also in Dallas, the 394-bed Walnut Place, an assisted living facility, has been refinanced for owner, the Telesis Co. The near $21.4-million refinancing has been secured through HUD's 232 full-insurance Multifamily Accelerated Processing program. It is a 34-year loan, also fully assumable. The assisted living facility is a six-story brick building that had been built between 1980-86.

The balance of the loan activity has gone to projects in San Antonio and Austin. Since 1989, Malone has specialized in new construction financing for multifamily and assisted living projects in the US.