IPA Capital Markets Refinances Dane Park Multifamily Property For $37M Loan In Grapevine

The multifamily property located at 2701 North Grapevine Mills Boulevard in Grapevine, Texas, known as Dane Park, features 392 luxury units consisting of one and two-bedroom apartments. The property is pet-friendly and offers onsite dog services. A $37 million refinancing deal was secured for this property by IPA Capital Markets, a division of Marcus & Millichap. The loan terms include a five-year term with 6.23% interest only and a spread of 1.68%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,000,000
• Units: 392
• Address: 2701 North Grapevine Mills Boulevard
• Market: Grapevine
• Brokers: Brian Eisendrath & Cameron Chalfante - Institutional Property Advisors
• Loan Type: Refinance
• Loan Terms: 6.23% interest only, spread of 1.68%

The $37 million refinancing for Dane Park was arranged by Brian Eisendrath and Cameron Chalfant. They represent Institutional Property Advisors in this deal, showcasing their expertise in securing financing for luxury multifamily properties in the Grapevine market.