DALLAS, TEXAS (September 3, 2020) – View at Lake Highlands, a 292-unit multifamily asset is located on a unique site that is just over 14 acres in what is a highly accessible yet secluded Lake Highlands neighborhood at 9855 Shadow Way in Dallas, Texas.
“View at Lake Highlands is located on an appealing site surrounded by mature trees and a park like setting,” said Snoddy. “Our buyer was intrigued by the long term viability of the location and strong in place cash flow.”
Acquisition financing for the transaction was arranged for the borrower through NorthMarq’s in-house Fannie Mae team with a 10-year term on a 30-year amortization schedule. “We were very pleased to deliver a maximized loan with 5 years interest only during these uncertain times. It was a group effort from our Fannie team and Fannie to deliver such a great loan for the borrower. We have financed many deals in the Lake Highlands submarket which I believed help us provide information to deliver a loan even better than our application,” said Whitehead.