Brixton Capital Secures $40.9 Million Loan For 288-Unit Allura Las Colinas In Irving TX

The property asset involved is Allura Las Colinas, a multi-family apartment community consisting of 288 units located at 6445 Love Drive in Irving, TX. Brixton Capital is the landlord of this property. The acquisition of the property was financed with a loan of $40,900,000, structured as nonrecourse and fixed-rate.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $40,900,000
• Address: 6445 Love Drive
• Market: Irving, TX
• Loan Type: Acquisition
• Loan Terms: nonrecourse, fixed-rate
• Units: 288
• Landlord: Brixton Capital
• Brokers: Aldon Cole, Tony Nargi, Jacob Martin & Caden Cramer - JLL

The key individuals involved in the transaction include Aldon Cole, Tony Nargi, Jacob Martin, and Caden Cramer, who represented JLL in arranging the financing. The loan was secured through an undisclosed life insurance company.