Fort Worth Property Sold With Seller's Representatives Charles Hubbard And Eric Stockley Of NorthMarq

The Borough Apartments is a 208-unit multifamily property located at 5700 Boca Raton BLVD, Fort Worth, Texas. Built in 1981, the property features one- and two-bedroom units, with sizes ranging from 500 to 1,280 square feet. The transaction occurred in the Fort Worth market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Seller's Representative: Charles Hubbard, Eric Stockley - NorthMarq
• Buyer: Undisclosed
• Market: Fort Worth
• Building Size: 208 units

The sale was brokered by Taylor Snoddy, Eric Stockley, Philip Wiegand, and Charles Hubbard, all of NorthMarq, who represented the seller. Kevin Leamy, Lauren Bresky, Daniel Stickane, and Patrick Elliott, also from NorthMarq, facilitated a nonrecourse, floating-rate acquisition loan for the buyer, which included three years of interest-only payments. Both parties chose to remain anonymous.