Tony Ruggeri Of Republic Property Group Secures $52.3M Loan For Development Site In Grand Prairie

The property involved in this transaction is a development site located at 4115 South Great Southwest Parkway in Grand Prairie. The total loan amount secured for this construction project is $52,300,000, which is designated for the development of two build-to-rent communities, including the Villas at Bardin.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $52,300,000
• Loan Type: Construction Loan
• Landlord: Tony Ruggeri - Republic Property Group
• Broker: Adam Mengacci - Institutional Property Advisors
• Equity Amount: $10,400,000 in preferred equity

The financing for this project was arranged by IPA Capital Markets, with Adam Mengacci from IPA's Dallas office playing a crucial role in facilitating both the loans and the preferred equity for Republic Property Group.