Principal Global Investors Provides $58.3M Construction Loan For 394-Unit Multifamily Property In Rowlett | 30 Dalrock Road | Principal Real Estate Investors | Wilson Bauer, John Brownlee | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

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.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Wilson Bauer

Director

John Brownlee

Senior Managing Director

JLL

Principal Real Estate Investors

Details

Deal Summary

FINANCED

IMAGE: John Brownlee & Wilson Bauer DATE: 05/16/2022 ADDRESS: 30 Dalrock Rd MARKET: Rowlett ASSET TYPE: Multifamily ~ UNITS: 394 LENDER: Principal Global Investors LANDLORD: Zale Properties BROKERS: John Brownlee & Wilson Bauer - JLL LOAN AMOUNT: $58,300,000 LOAN TYPE: Construction Loan LOAN TERMS: eight-year, fixed-rate

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Address30 Dalrock Road

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