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Newmark Provides $53.9M Agency Acquisition Loan for Multifamily Property in Northlake, Texas
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Newmark Provides $53.9M Agency Acquisition Loan for Multifamily Property in Northlake, Texas
NORTHLAKE, TEXAS — Newmark has provided a $53.9 million Fannie Mae acquisition loan for Dry Creek Ranch, a 456-unit multifamily property in Northlake, located north of the metroplex in Denton County. Built on 29 acres between 2014 and 2017, Dry Creek Ranch features one-, two- and three-bedroom units and amenities such as multiple pools, a fitness center, clubhouse, business center, basketball court and a car wash station. Adam Randall, John West…
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