Barvin Group Scores $39M Financing for Dallas Buy
- Nov 12, 2020
Barvin Group has received acquisition financing for Los Altos Trinity Green, a 324-unit Class A community in Dallas. According to Yardi Matrix data, JLL originated the $39.4 million, 10-year Fannie Mae loan. The note bears a fixed interest rate of 2.63 percent. The borrower purchased the asset from Stonelake Capital Partners.
Built in 2019, the property, formerly known as Alta Trinity Green, has studio-, one-, two- and three-bedroom units. Common-area amenities include a swimming pool, grilling area, fitness center, game room, clubhouse, rooftop deck and dog washing station.
Located on 4 acres at 990 Singleton Blvd., Los Altos is part of the 24.8-acre, master-planned Trinity Green development. Less than 3 miles from downtown Dallas, the property is also within 6 miles of Dallas Love Field Airport.
The JLL financing team included Senior Managing Director Susan Hill and Managing Director Cortney Cole. In August, Cole arranged a $65.2 million Freddie Mac loan for Hanover Southampton, a 206-unit community in Houston.