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Transaction Details

Multifamily Acquisition Loan


Arlington, Texas

  • Loan Amount: $60,800,000
  • LTC: 70%
  • Project Type: Value-Add Multifamily Acquisition
  • Rate: 4.25% over CME Term SOFR

Transaction Overview

StackSource recently arranged financing for the value-add acquisition of a 616-unit multifamily property in Arlington, Texas. The $61M financing in senior debt also includes $2M in CAPEX funding. StackSource was able to keep the lender engaged on the loan for 9 months while the market conditions eroded and the sponsor worked on completing their part of the capital stack.  Despite the timeline and erosion of market conditions with rising interest rates, StackSource Senior Managing Director Beth Mercante was able to maintain the same spread with the lender for a 6 month span and no loan amount reduction.

MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.

MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.

Intermediaries Team

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