Haley Real Estate Group Purchases 260-Unit Texas Community
Berkadia represented the seller and secured an acquisition loan through Fannie Mae.
Lago Del Mar. Image courtesy of Berkadia
Haley Real Estate Group has acquired Lago del Mar, a 260-unit garden-style community in Laredo, Texas. Berkadia represented the seller and secured acquisition financing through Fannie Mae. According to public records, the seller acquired the property in 2001.
Built between 2000 and 2003, the property comprises one-, two- and three-bedroom apartments with walk-in closets, patios or balconies and full-sized washer/dryer units. Common-area amenities include a swimming pool, clubhouse, fitness center, dog park and playground.
Located at 7550 Country Club Drive, Lago del Mar is 3 miles from Interstate 35. The property is 2 miles from Texas A&M University and 4 miles from Laredo International Airport. The surrounding area has several retail and dining options, including The French Quarters commercial center, which is within walking distance of the asset.
Berkadia’s team included Senior Managing Director Ryan Epstein and Managing Director Mike Miller, as well as Senior Director Will Caruth and Director Cody Courtney. Senior Managing Director Cutt Ableson procured the financing. In May, Epstein assisted the seller of a 342-unit, Class A community in Spring, Texas.
