Madera Residential Secures $47.9M Loan For Armstrong At Knox In Dallas

The property asset involved in the transaction is Armstrong at Knox, a 165-unit apartment community situated at 4525 Cole Ave, Dallas, TX, 75205, within the Dallas market. The property features one- and two-bedroom units and offers amenities including a pool, fitness center, resident lounge, and a business center. Madera Residential, a Lubbock-based multifamily investment and development firm, has acquired the property with financing facilitated by CBRE Investment Management.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $47,900,000.00
• Borrower's Representative: Michael (Mikey) Bryant - CBRE
• Lender: CBRE Investment Management

The deal was arranged by Jon Wooton, Mike Bryant, and Victoria Langston of CBRE, who secured the acquisition financing through a fund sponsored by CBRE Investment Management on behalf of Madera Residential.