Frisco Multifamily Buyer Secures $75 Million Loan

The loan helped acquire The Travis, a 345-unit multifamily development in Frisco. The loan is a three year, interest-only term.

The 2021-built community has units that average about 900 square feet. Standard amenities include a pool, grilling stations, a fitness center and a courtyard. It has a number of unique amenities such as storage units, lockers and bicycle storage.

Institutional Property Advisor’s Brian Eisendrath led the team that secured the loan, “With the quickly changing capital markets, we pride ourselves on being able to work quickly and efficiently to find the right lender.”