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Atlantic Pacific Obtain Refis on 3 DFW Properties
Atlantic Pacific Cos. received Freddie Mac loans totaling $112.4 million to refinance a trio of multifamily properties in the Dallas-Fort Worth (DFW) metroplex, according to RE Business.
The financing consists of a $40 million loan for Atlantic Stonebriar, a 294-unit property located in the northern Dallas suburb of The Colony; $42.3 million in debt for Atlantic McKinney, a 343-unit community located on the northern outskirts of Dallas; and a $30.2 million loan for Atlantic Station, a 324-unit development in Fort Worth.
Atlantic Pacific closed the loans in conjunction with debt for four other properties, three of which are located in the Atlanta area and the fourth in Cary, N.C. The seven new mortgage loans are structured with five-year terms and fixed interest rates averaging approximately 5.1 percent.
- ◦Financing
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