By Razvan Cimpean
Metropolitan Capital Advisors arranged a $10.5 million Fannie Mae refinance loan for La Hacienda Apartments, a 200-unit community in Dallas. The 12-year term loan has a 30-year amortization schedule.
Located at 7938 Leigh Ann Drive, La Hacienda offers one-, two- and three-bedroom apartments, ranging from 642 to 1,055 square feet. The 16-building property sits fewer than two miles from interstates 20 and 35 and offers convenient access to Umphrey Lee Elementary School, STEAM Middle School at D.A. Hulcy and David W. Carter High School. Community amenities include a playground, swimming pool, laundry facilities and full covered parking with 525 parking spaces.
Justin Laub, senior director at Metropolitan Capital Advisors, was responsible for arranging the financing. Earlier this year, Laub also arranged the construction loan for the first phase of East Dallas Townhomes, a 125-unit market-rate community in Dallas.
Image courtesy of Metropolitan Capital Advisors