$10M Acquisition Loan Secured for El Paso, TX MF

George Smith Partners arranged a $10.6 million loan for the acquisition of the 248-unit Preserve at Mesa Hills in El Paso, TX. David Rifkind and Ameet Chagan of George Smith Partners arranged the interest-only loan through a CMBS lender on behalf of buyer Texas Hold ‘Em I LLC, a private buyer from Las Vegas. Hamilton Zanze & Co. sold the 100%-occupied property.

Located at 601 S. Mesa Hills Dr. in El Paso’s northwest market, Preserve at Mesa Hills offers one- and two-bedroom units. Amenities include landscaped courtyards, a pool with spa and sundeck, fitness center, basketball and volleyball courts and picnic areas.