Nova Capital Secures $55.85M Loan For Darwin German's Acquisition Of The Mark At Weatherford Apartments

The Mark at Weatherford Apartments, located at 172 College Park Drive in Weatherford, Texas, was recently acquired by Darwin German Real Estate. The multifamily property consists of 355 units and is classified as Class A.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $55,850,000
• Lender: Walker & Dunlop
• Landlord: Darwin German Real Estate
• Broker: Nova Capital - Steven Yazdani
• Loan Type: Acquisition Loan

Nova Capital, represented by broker Steven Yazdani, secured $55.85 million in financing for Darwin German Real Estate's acquisition of The Mark at Weatherford Apartments. The loan package includes a $37.85 million senior loan from Walker & Dunlop, provided by Fannie Mae, and $18 million in preferred equity from Tryperion Holdings. This investment will enable Darwin German Real Estate to purchase and continue operating the Class A multifamily property.