Nationwide Insurance Provides $56M Acquisition Loan For 354-Unit Multifamily Property In McKinney, TX

The multifamily property located at 1703 Rockhill Road in McKinney, TX has recently been involved in a loan transaction. The property consists of 354 units, making it a substantial asset in the market. The acquisition loan for this property was provided by nationwide-''>Nationwide Insurance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,000,000
• Units: 354
• Address: 1703 Rockhill Road, McKinney, TX
• Market: McKinney, TX

Arnel Management is the landlord of this property, indicating their ownership and management role in the deal. As for the loan, it was an acquisition loan, allowing the buyer to secure the property for a significant transaction amount.