FINANCED
Reap Capital Secures $16.5M Acquisition Loan For 164-Unit Multifamily In Grand Prairie
201 West Tarrant Road
MultiFamily
Financed 256 days ago
Summary
Loan
TEXAS
MultiFamily
A $16.5 million Fannie Mae acquisition loan has been secured for The Chandler, a 164-unit multifamily property located at 201 West Tarrant Road in Grand Prairie, Texas. The property is situated between Dallas and Fort Worth. The loan, arranged by Colliers Mortgage, has a five-year term and a 35-year amortization schedule. The borrower in this transaction is Reap Capital, a Dallas-based private equity firm.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Units: 164
Key individuals and companies involved in this deal include David Lilley, who serves as the landlord representing Reap Capital. The brokers responsible for securing the loan are Robert Siddall, William Givens, Shawn Givens, and Ken Higgins from Colliers Mortgage.
Players
Details
FINANCED
IMAGE: Robert Siddall, William Givens, Shawn Givens, Ken Higgins & David Lilley
DATE: 09/05/2023
ADDRESS: 201 West Tarrant Road
MARKET: Grand Prairie
ASSET TYPE: Multifamily ~ UNITS: 164
LANDLORD: David Lilley - Reap Capital (@ReapCapital)
BROKERS: Robert Siddall (@Robbiesid), William Givens, Shawn Givens & Ken Higgins - Colliers Mortgage (@ColliersInternational)
LOAN AMOUNT: $16,500,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: five-year term and a 35-year amortization schedule
NOTE: Colliers Mortgage secured a $16.5 million Fannie Mae acquisition loan for The Chandler, a 164-unit multifamily property in Grand Prairie, Texas, between Dallas and Fort Worth. The loan, arranged by Colliers Mortgage, has a five-year term and a 35-year amortization schedule, with the borrower being Reap Capital, a Dallas-based private equity firm.View on map
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Address201 West Tarrant Road
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