Harbor Group International Secures $124.65M Refinance For Alesio Urban Center In Irving, TX
385l East Las Colinas Boulevard
$124,650,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 22, 2026
AI
Alesio Urban Center is a mixed-use community located at 385l East Las Colinas Boulevard, Irving, TX, encompassing 908 units across a 17.29-acre site. The recent refinancing for this property has been valued at $124,650,000, facilitated by Blackstone as the lender for Harbor Group International.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $124,650,000
- Units: 908
- Acres: 17.29
- Lender: Blackstone
- Landlord: Jordan E. Slone - Harbor Group International
- Brokers: Charles Foschini, Christopher Apone, Shannon Wilson & Lourdes Carranza-Alvarez - Berkadia
- Loan Type: Refinance
- Date of Closing: June 4, 2026
The refinancing arrangement was coordinated by Berkadia, aiming to retire existing debt on the property, affirming the ongoing lender interest in large-scale multifamily assets within the Dallas-Fort Worth region.
Players
Schertz Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93