Sovereign Properties Secures $49.1M Loan For North Richland Hills Multifamily

A multifamily property located at 3021 Parker Blvd. in North Richland Hills has been involved in a recent closed transaction. The property, developed by Sovereign Properties, has a total square footage of 11,697. The loan for this transaction amounted to $49,100,000. The lender for the deal was Asia Capital Real Estate. The brokers representing the transaction were Greg Nalbandian and Jesse Wright from JLL.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $49,100,000
• Address: 3021 Parker Blvd.
• Market: North Richland Hills
• Square Footage: 11,697
• Developer: Sovereign Properties
• Lender: Asia Capital Real Estate
• Brokers: Greg Nalbandian & Jesse Wright - JLL

This transaction highlights the involvement of key individuals and companies in the deal, such as Sovereign Properties as the developer and Asia Capital Real Estate as the lender. Greg Nalbandian and Jesse Wright from JLL served as the brokers representing the transaction. Their expertise and negotiation skills played a significant role in successfully closing this multifamily property deal.