$17,437,500 – Lancaster, TX (Dallas County)

In August of 2022, Emerald Creek Capital provided a $17,437,500 acquisition loan to a repeat borrower in Lancaster, TX. The loan is secured by a multifamily apartment complex with 130,128 square feet of net rentable area across 159 units, ranging from one to three bedrooms. The gated community is situated on a 14.5-acre site with 384 parking spaces. Community amenities include a fitness center, business center, resort-style pool, entertainment areas, and a dog park. Lancaster is a desirable suburb conveniently located just south of Dallas. The area has historic appeal and a charming town center with restaurants, shops, and cultural attractions. The subject property has good access to many highways and regional connectors including Interstate 35E which leads directly to downtown Dallas.

 

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

 

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