Madera Residential Acquires Multifamily Property On Stonebrook Parkway In Frisco

The multifamily property located at 7549 Stonebrook Parkway in Frisco has been sold in a recent transaction. The sale was completed on January 28, 2021, involving 414 units. The property was acquired by Madera Residential from the seller, Univesco, Inc.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: N/A

The transaction was facilitated by the brokers involved in the deal, namely Jay Gunn, Tom Burns, Will Jarnagin, Jason Rice, and Chris Pollard of Berkadia. The property was purchased with the assistance of a debt fund, with loan terms consisting of a 3-year, floating rate term at 80% Loan-to-Cost.