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4700 Lake Ridge Parkway

Updated Jan 22, 2026

JPI Secures $94.6 Million Loan From Ray Mathoda For Development Site In Grand Prairie
FINANCEDDevelopment Site

JPI Secures $94.6 Million Loan From Ray Mathoda For Development Site In Grand Prairie

4700 Lake Ridge Parkway

$94,600,000

Building Size

—

Asset Type

Development Site

Closing

Jan 22, 2026

About this deal

AI

The property asset involved is a development site located at 4700 Lake Ridge Parkway in the Grand Prairie market. It is designated for the construction of Jefferson Southwest Parkway, which will feature 439 apartment units along with various amenities like a pool and gym. The loan amount secured by JPI for this project is $94,600,000, which is designated for construction purposes.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $94,600,000
  • Lender: Ray Mathoda - Anchor Loans
  • Landlord: JPI
  • Market: Grand Prairie
  • Expected Completion: 2027
  • Amenities: Pool and gym
  • Location: Near Dallas and Fort Worth

This transaction highlights the involvement of Ray Mathoda, representing Anchor Loans as the lender in providing financing for the development. JPI stands as the landlord responsible for the construction and management of the upcoming apartment community in the competitive Grand Prairie real estate market.

On the Map

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$94,600,000

Development Site

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Players

Ray Mathoda

Anchor Loans

Lender

$781.6M

vol

3 deals

Lender
J
JPILandlord
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Grand Prairie Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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