Colliers Mortgage Arranges $41.8M Refinance Loan For 300-Unit Denton Multifamily

The Village at Rayzor Ranch, a 300-unit multifamily property located at 3235 Heritage Trail in Denton, North Texas, has successfully secured a $41.8 million HUD-insured loan for refinancing. The loan, arranged by Colliers Mortgage in collaboration with Old Capital Lending, provides support to the undisclosed borrower and their investment in the property. Apart from its prime location, the Village at Rayzor Ranch offers a range of attractive amenities including a pool, dog park, fitness center, and coworking space.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $41,800,000
• Units: 300
• Lender: Old Capital Lending
• Broker: Fritz Waldvogel - Colliers Mortgage

Fritz Waldvogel of Colliers Mortgage played a key role in the arrangement of this loan, collaborating with Old Capital Lending to secure the necessary funding for the Village at Rayzor Ranch. With this financing in place, the undisclosed borrower can continue to benefit from the property's diverse range of amenities and capitalize on the thriving Denton market in North Texas. Whether it be for relaxation, fitness, or business needs, the Village at Rayzor Ranch offers a variety of appealing facilities to its tenants.