Legacy REI Group to Buy Dallas-Area Community
Dougherty Mortgage teamed up with Old Capital Lending to arrange the acquisition financing of Sierra Point, a 212-unit market-rate community in Irving, Texas.
Dougherty Secures Dallas Acquisition Loan
The company closed on the 12-year Fannie Mae financing in partnership with Old Capital Lending. The 106-unit garden-style community sits less than one mile from Interstate 35E.
Sunroad Enterprises Nabs 320-Unit Vegas Asset
Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years.
Top 10 Orlando Apartment Owners
The city has a thriving market, thanks in part to an expanding young workforce. However, the metro still faces a shortage of affordable units, a growing concern for lower-paid
workers.
Berkadia Secures Refi for 384-Unit Community
Berkadia lined up a seven-year, fixed-rate Fannie Mae loan to refinance the Mansions at Timberland, a 384-unit multifamily property in Fort Worth, Texas.
Dougherty Secures Acquisition Loan for DFW Community
Representing TS Asset Toscana, Dougherty Mortgage closed a Fannie Mae acquisition loan for Toscana Apartments, a market-rate community in Bedford, Texas.
Top 10 Dallas Apartment Owners
The city continues to enjoy a thriving economy and a growing demographic expansion. However, as a result of the recent construction surge, the metro’s average occupancy rate decreased last year.
Northwest Properties Snags 216-Unit Houston Community
Seneca Investments sold Stoneleigh on Spring Cypress, an 11-building market-rate multifamily property in Spring, Texas, to Hayden Properties.
BSR Trust Grabs 474-Unit Dallas Property
Invesco Real Estate sold Windhaven Park Apartments in Plano, Texas, and JLL arranged the acquisition financing on behalf of the new owner.
DFW Market-Rate Community Lands Refi
SevenSeas Holdings II closed a $6.8 million loan for the refinancing of Avanti on Central in Bedford, Texas. Dougherty Mortgage and Old Capital Lending negotiated the Fannie Mae loan on behalf of the borrower.