Cross Development & StoneCreek Real Estate Partners Secures $33.3M Loan For College Station Multifamily

The multifamily property located at 1600 Holleman Dr in College Station has recently undergone a significant transaction. The property consists of 264 units and is owned by Cross Development & StoneCreek Real Estate Partners. The transaction involved a construction loan provided by berkadia''>Berkadia, with a loan amount of $33,310,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $33,310,000
• Address: 1600 Holleman Dr
• Market: College Station
• Units: 264

The loan provided by Berkadia was of the construction type, indicating that it was intended to finance the development or renovation of the property. This transaction highlights the collaboration between the property owners, Cross Development & StoneCreek Real Estate Partners, and the lender, Berkadia, in the multifamily real estate market of College Station.