Principal Global Investors Provides $58.3M Construction Loan For 394-Unit Multifamily Property In Rowlett

The multifamily property located at 30 Dalrock Rd in Rowlett was involved in a recent closed transaction. The property consists of 394 units and is owned by Zale Properties. The market value of the property was not provided.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,300,000
• Loan Type: Construction Loan
• Loan Terms: eight-year, fixed-rate

The loan for the transaction was provided by Principal Global Investors. The brokers responsible for representing the buyer and seller in this deal were John Brownlee & Wilson Bauer from JLL.