Dallas
Dallas Job Stats Point to Continued Growth
According to the Bureau of Labor Statistics, Dallas trails only New York City when it comes to job creation, meaning that people will continue to flock to the Texan city for work. The city’s current 95.1 percent occupancy rate indicates that it doesn’t have the massive multifamily shortage seen in other metros.
DFW Community Lands $9M Fannie Mae Refi
Dougherty Mortgage arranged the 10-year loan with a 30-year amortization schedule for Villa Creek in Farmers Branch, Texas.
Fort Worth Community Lands Fannie Mae Loan
Dougherty Mortgage has secured a $3.6 million, 12-year term financing agreement for a 90-unit market-rate community. The loan has a 30-year amortization schedule.
Condo Development Coming to Dallas
Metropolitan Capital Advisors arranged a $9.6 million construction loan for Destination Residences, a 62-unit, multi-story condominium project in The Cedars neighborhood.
Hunt Mortgage Closes Refis for TX Portfolio
The properties encompass more than 900 units and are located in Balch Springs, Irving and Dallas. Hunt Mortgage Group provided a total of $36.7 million.
Cornerstone Senior Living Expands in TX
The company acquired Three Forks of Forney, a 60-unit, 72-bed assisted living and memory care community in Forney, for $12.5 million.
Dougherty Secures New Loan for Northridge Court Apartments
The company closed a 7.25-year Fannie Mae supplemental loan for the 12-building, 86-unit property.
Dallas Community Hits the Market
Boyan Radic and Doug Banerjee of Greysteel’s DFW offices will market the two-building, 94-unit asset located 5 miles from Downtown.
HLC Equity Nabs 192-Unit Community in Dallas
The property is located within the Plano Independent School District and offers 64 studios and 128 one-bedroom apartments.
Marcus & Millichap Closes Sale of TX Assisted Living Community
The 87-unit, 95-bed assisted living and memory care community offers studio, one- and two-bedroom apartments ranging from 365 to 864 square feet.