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Texas  + State of Texas  + Apartments  | 
The Watson Obtains $29.6M Acquisition Loan

The Watson Obtains $29.6M Acquisition Loan

A $29.6 million Freddie Mac Optigo acquisition loan was recently provided for a 247-unit multifamily property in Grand Prairie, TX. Built in 2017, The Watson is a luxury apartment community with a range of amenities.

The financing was originated by Dan Gillard, managing director in Greystone’s Philadelphia office, on behalf of 180 Multifamily Properties’ principals John Barker and Lance Woodward. The 70 percent loan-to-value nonrecourse Freddie Mac loan carries a 10-year term, a floating interest rate with the first five years of interest-only payments and a 30-year amortization period.

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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.

  • ◦Financing
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