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8100 South Collins Street

Updated Dec 4, 2024

Zale Properties Secures $49.9M Construction Loan For Luxury Development In Arlington, Texas
FINANCEDDevelopment Site

Zale Properties Secures $49.9M Construction Loan For Luxury Development In Arlington, Texas

8100 South Collins Street

$49,900,000

Units

396

Asset Type

Development Site

Closing

Jan 9, 2024

About this deal

AI

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.

On the Map

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$49,900,000

Development Site

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Players

Bo Beidleman

JLL

Broker

$749.1M

vol

3 deals

Broker
Principal Asset Management
Principal Asset ManagementLender
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Arlington 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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