Tanzanite Homes Secures $53 Million Refinancing Loan
The 211-unit Sacramento community updated its financial structure this month to support long-term operations.
Updated on Oct. 21, 2026 in Apartments
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New Growth Living has secured a $53 million refinancing loan for the Tanzanite Homes apartment community in Sacramento. The 211-unit property, which opened in 2024 at 2490 Quiet Trail Lane, is now operating under this new debt agreement.
Why it matters
Refinancing allows property owners to adjust their debt structures as rental communities mature, ensuring continued operation and management by groups like SRG Residential. For residents, these financial updates are a standard part of how large-scale apartment complexes manage their long-term capital requirements.
The $53 million loan covers a 19-acre property featuring 128 buildings and 211 residential units. These units range from 726 to 1,501 square feet, with the community providing 250 parking spaces.
The players
New Growth Living
The property owner and developer responsible for the Tanzanite Homes community.
Lument
A commercial real estate lender that provided the $53 million refinancing loan.
SRG Residential
The management firm currently overseeing operations at the Tanzanite Homes complex.
Arbor Realty Trust
A real estate investment firm that provided the project's original construction and permanent financing.
The details
The loan, provided by Lument, serves to refinance previous debt obligations on the Sacramento property. Tanzanite Homes was built on a 19-acre site near the intersection of Interstate 5 and 80, offering proximity to local hubs like Natomas Marketplace. The property is managed by SRG Residential, which oversees day-to-day operations for the 128-building complex.
Timeline
2021: Arbor Realty Trust originated the initial $46 million construction loan.
2024: Tanzanite Homes opened and received a $50 million permanent note.
October 2026: New Growth Living closed the $53 million refinancing deal.
2029: The new $53 million refinancing loan reaches its maturity date.
The Home Front
This refinancing marks a standard shift for a new multi-family community as it transitions from its initial construction phase to long-term ownership. It follows the broader industry pattern of property owners optimizing debt structures in the current commercial real estate market.
Residents living at Tanzanite Homes should note that this refinancing is a financial arrangement between the owner and the lender that does not affect current lease agreements or management services. If you have questions regarding your lease or property management, always contact the SRG Residential office directly.
The takeaway
Large-scale apartment communities frequently refinance their debt as they transition from construction to stabilized operations. Renters should focus on their own lease terms and renewal dates, which remain governed by their existing agreements with the property management firm.
Further reading
For more information on local rental market trends and community developments, visit our Apartments section.
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