Texas Multifamily Portfolio

Location: Frisco, TX
Type: Multifamily
Price: $ 57,600,000

SMC provided five individual loans totaling $57,600,000 loan to finance five multifamily properties consisting of 850-units located throughout TX. Legacy Apartments is a 244-unit complex located in Plano, Fountains of Denton is a 170-unit complex located in Denton, Amberly Village Townhomes is a 148-unit complex located in Garland, Summerstone Apartments is a 192-unit complex located in Bedford, and Fox Haven Apartments is a 96-unit complex located in Frisco, TX. The proceeds of the loan will be used to refinance sponsor’s existing debt at the properties.