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Residence at Town Square

Cash-Out Bridge Loan to Retire Existing Debt

A $60 million cash-out bridge loan was recently arranged for Residences at Town Square, a 480-unit mixed-use apartment complex in Amarillo. The bridge loan, originated by Dwight Capital’s Daniel Malka, will be used to retire existing debt.

Daniel Hartnett of Greysteel served as a correspondent on the transaction. The borrower was Texas Residences at Town Square LLC.

Built between 2015 and 2019, the property consists of four five-story buildings on more than 32 acres. Its amenities include a fitness center, playground and pool. Residences at Town Square also features 121,360 square feet of ground-floor retail space which includes a dental office, nail bar, spa and steakhouse.

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Daniel Malka

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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