Henley Properties Acquires Polk Villas Multifamily Community In Dallas With $12.8M Loan

Marcus & Millichap Capital Corporation arranged $12.8 million in preferred equity and agency financing for the acquisition of Polk Villas, a 165-unit multifamily community in Dallas. The financing, secured for a partnership led by Henley Properties, includes $9.3 million in agency financing at a 6.15% fixed rate with a seven-year term, coupled with an additional $3.5 million in preferred equity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,800,000
• Units: 165
• Address: 3288 South Polk Street, Dallas
• Landlord: Henley Properties
• Brokers: Diego Garcia, Travis Headapohl, and Tyler Rentfro - Marcus & Millichap Capital Corporation
• Loan Type: Acquisition Loan
• Loan Terms: 6.15% fixed rate, three years interest-only followed by a 30-year amortization, and a seven-year term

The deal's key individuals involved in the acquisition of Polk Villas are Diego Garcia, Travis Headapohl, and Tyler Rentfro, representing Marcus & Millichap Capital Corporation. They played a significant role in arranging the $12.8 million in financing, including $9.3 million in agency financing and an additional $3.5 million in preferred equity. This transaction marks a successful partnership between the buyer, Henley Properties, and the lending and brokerage teams involved.