Cushman & Wakefield's Texas Team Arranges $95.7 Million in Financing for Multifamily Portfolio

MT Newswires Live

07/28

Cushman & Wakefield's (CWK) Texas Equity, Debt & Structured Finance team has arranged about $95.7 million in financing for a 626-unit, two-property multifamily portfolio on behalf of borrower Sundance Bay, the company said Monday.

The financing package consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan through CCL Capital, according to a statement.

The portfolio includes Grove East, a 324-unit Class A garden-style community in Humble, Texas, and Rowlett Station, a 302-unit Class A mid-rise community in Rowlett, Texas, the company said.

Price: 13.10, Change: +0.38, Percent Change: +2.99

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Wakefield's (CWK) Texas Equity, Debt &amp; Structured Finance team has arranged about $95.7 million in financing for a 626-unit, two-property multifamily portfolio on behalf of borrower Sundance Bay, the company said Monday.</p><p>The financing package consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan through CCL Capital, according to a statement.</p><p>The portfolio includes Grove East, a 324-unit Class A garden-style community in Humble, Texas, and Rowlett Station, a 302-unit Class A mid-rise community in Rowlett, Texas, the company said.</p><p>Price: 13.10, Change: +0.38, Percent Change: +2.99</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4120","symbol_name":"环境与设施服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2654404786","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2654404786","pubTimestamp":1785176741,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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