Northmarq completes sale and acquisition financing for Shiloh Oaks multifamily community

GARLAND, Texas — Northmarq’s Dallas Multifamily Investment Sales team, led by Taylor Snoddy, Eric Stockley and Charles Hubbard, brokered the sale of the 248-unit Shiloh Oaks apartments in Garland, Texas.

Northmarq represented the seller, a California-based investor, and facilitated the sale to Rise48 Equity, an Arizona-based investment group.

Northmarq’s Debt + Equity team of Kevin Leamy and Lauren Bresky secured acquisition financing on behalf of the buyer.

“Our team secured a buyer who closed in under 60 days, providing a significant non-refundable earnest money deposit at purchase and sale agreement execution. This provided certainty for our seller while minimizing exposure to market volatility and increased carry costs,” said Stockley.

Located at 2379 Apollo Road, Shiloah Oaks is situated on over 10 acres and was built in 1983. The multifamily community features brand-new amenities and features, including updated kitchens with quartz countertops, ADT Smart Locks and a designer lighting package. Residents enjoy close proximity to local restaurants and attractions and on-site amenities, such as a pool, fitness center, playground and more.