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| Gramercy On The Park Apartments, North Dallas, TX |
DALLAS, TX – HFF announced today that it has arranged $49
million in financing for Gramercy On The Park, a 535-unit, premier Class
A multi-housing community in Dallas, Texas.
HFF
worked exclusively on behalf of Billingsley Company to secure the 10-year,
fixed-rate permanent loan through Freddie Mac (Federal Home Loan Mortgage
Corporation).
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| Trey Morsbach |
Loan proceeds were used to pay off an existing construction
loan. HFF will service the securitized
loan through its Freddie Mac Program Plus® Seller/Servicer program.
Gramercy On The Park is located at 4755 Gramercy Oaks Drive; ideally
positioned at the southeast corner of the Dallas North Tollway and the George
Bush Turnpike in the desirable Far North Dallas area.
This upscale midrise community was completed in 2011 and includes
one- and two-bedroom units averaging 889 square feet in 13 floor plans.
The
HFF team representing Billingsley Company was led by senior managing director Trey
Morsbach.
For a complete copy of the company's news release, please contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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