American Landmark Apartments Secures $65M Acquisition Loan From MetLife For Multifamily Property In Kyle & Allen

The multifamily property located at 210 Amberwood S and 301 S Jupiter Rd in Kyle and Allen has been involved in a recent closed transaction. The property consists of 512 units and was acquired by American Landmark Apartments. The loan for this acquisition was provided by MetLife.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $65,000,000
• Loan Type: Acquisition
• Loan Term: Two five-year, floating-rate loans
• Borrower: American Landmark Apartments
• Lender: MetLife
• Brokers: Matthew Mense, Henry Stimler, Bill Weber, Richard Furr, Brian Murphy, and Brian O’Doyle Jr - Newmark

In addition to the borrowers and lenders involved, Matthew Mense, Henry Stimler, Bill Weber, Richard Furr, Brian Murphy, and Brian O’Doyle Jr from Newmark represented American Landmark Apartments in the deal. This transaction demonstrates the continued activity in the multifamily market in Kyle and Allen.