KKR & Co. Provides $122M Refinance Loan For Multifamily Property In Irving, Texas

The Alesio Urban Center, a 908-unit multifamily property located at 385 East Las Colinas Blvd. in Irving, Texas, has secured a $122 million loan for refinancing. The loan was provided by KKR & Co. and arranged by Newmark. This financing was used by Harbor Group International to refinance a previous loan of $117.6 million, which was originally provided by KKR Real Estate Finance Trust two years ago.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $122,000,000
• Units: 908
• Address: 385 East Las Colinas Blvd.
• Market: Irving

Harbor Group International, represented by Jordan E. Slone & Robert S. Friedman, acted as the landlord for the transaction. The loan was facilitated by Newmark, while KKR & Co. provided the financing. This five-year refinance deal has allowed the Alesio Urban Center to secure stable fixed-rate financing for its 908-unit apartment property in Irving, Texas.