FINANCED
Zale Properties Secures $49.9M Construction Loan For Luxury Development In Arlington, Texas
8100 South Collins Street
Development Site
Financed 116 days ago
Summary
Loan
TEXAS
Development Site
A $49.9 million construction loan has been secured by Zale Properties for The Grove at La Frontera, a 396-unit luxury development located at 8100 South Collins Street in Arlington, Texas. The development is expected to be completed in spring 2025 and offers upscale amenities and convenient access to major highways.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $49,900,000
- Address: 8100 South Collins Street, Arlington
- Market: Arlington
- Asset Type: Development Site
- Size: 25.3 acres
JLL, represented by brokers Bo Beidleman and Chad Lisbeth, arranged the fixed-rate loan through Principal Asset Management for this multifamily project. The lenders provided a four-year construction loan for the luxury development, which will feature 396 units and offer a range of upscale amenities. The property is strategically located with easy access to major highways.
Players
Details
FINANCED
IMAGE: Mark Zale, Bo Beidleman & Chad Lisbeth
DATE: 01/09/2024
ADDRESS: 8100 South Collins Street
MARKET: Arlington
ASSET TYPE: Development Site ~ ACRES: 25.3
LENDER: Principal Asset Management
LANDLORD: Mark Zale - Zale Properties
BROKERS: Bo Beidleman (@BoBeidleman) & Chad Lisbeth (@RadChad_) - JLL (@JLL)
LOAN AMOUNT: $49,900,000
LOAN TYPE: Construction Loan
LOAN TERMS: four-year, fixed-rate
NOTE: Zale Properties obtained a $49.9 million construction loan for The Grove at La Frontera, a 396-unit luxury development in Arlington, Texas, scheduled for completion in spring 2025. JLL arranged the fixed-rate loan through Principal Asset Management for the multifamily project with upscale amenities and convenient access to major highways.View on map
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Address8100 South Collins Street
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