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JPI Closes on Loan for $114M Grand Prairie Rental Community
JPI closed on construction financing for Jefferson Southwest Parkway, a planned $114 million Class A garden-style apartment community located at 4700 Lake Ridge Parkway in Grand Prairie, Texas. Anchor Loans secured the $94.6 million senior construction loan on behalf of JPI.
Slated for delivery in 2027, Jefferson Southwest Parkway will feature 439 multifamily units, including studio, one-, two-, and three-bedroom apartments. Amenities include a pool, fitness center, dog park and large clubhouse.
Between Dallas and Fort Worth, Jefferson Southwest Parkway offers access to major interstates and state highways.
Anchor Loans, a Pretium company, is a private real estate lender with more than $22 billion in loans funded to date. As a financing partner to professional real estate developers, homebuilders, and investors, Anchor provides capital through its direct, broker, and institutional lending channels, supporting residential renovations, ground-up construction, and community developments nationwide.
- ◦Development
- ◦Financing
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Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,160,000 No. of Units: 60 Average Occupancy: 98 Year Built: 1973 Building Size: 44700 Sq ft Lot Size: 4.05 Acres No. of Stories: 2 APN: R000047582 No. of Parking Spots: 100 Opportunity Zone: No Price per unit: $86,000
