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Financing Achieves “Flexibility” for Darwin German Acquisition

Los Angeles-based Nova Capital secured $27.385 million in debt and equity financing on behalf of Darwin German Real Estate Investments to acquire Gold Creek Apartments, a 255-unit Class A multifamily property in Dallas.

The financing, arranged by Nova founder Steven Yazdani, comprises a $21.385 million senior loan and $6 million in equity. The senior loan came from one of the nation’s largest Freddie Mac DUS lenders, while the equity was provided by an internally managed REIT.

“The challenge in this market is not availability of capital – it’s achieving the right flexibility in terms and structure,” said Yazdani. “By identifying multiple sources of debt and equity, the Nova Capital team was ultimately able to create a capital stack that met each of the client’s needs for this acquisition.”

Built in 2016, Gold Creek Apartments is 97% occupied and is situated on an 11.671-acre parcel.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).