Regions Southwest
$41M Financing Deal Closes for Dallas-Area MF
May 14, 2008

A financing package valued at approximately $41 million has been put in place for the 600-unit St. Marin/Karrington Apartments complex in Coppell, Texas, about 30 miles from downtown Dallas. The borrower, Williams Multifamily Realty Advisors L.L.C., relied on Irvine, Calif.-based Johnson /Capital to orchestrate the financing, which came in the form of two loans; an existing $31.3 million fixed-rate loan was assumed by Freddie Mac, and the lender supplied an additional $9.6 million loan at a fixed-rate of 5.64 percent. Presently 93 percent occupied, the 600,000-square-foot property consists of two separate structures built in 1999 and 2001, respectively.

 
Recent Southwest Headlines
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Opus Phoenix-Area Retail Center Moves Forward
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