CastleSquare Engaged as Exclusive Capital Advisor for $1 Billion Ultra-Luxury Residential Development
DALLAS, Nov. 28, 2023 – CastleSquare’s capital markets group announced today it has arranged a $7.00 million in preferred equity for the acquisition of Villas del Zocalo 1, a multifamily complex in the Northwest submarket of Dallas, Texas.
CastleSquare worked on behalf of the buyer, a Northeast real estate firm, to secure the preferred equity through a private capital source. The sponsorship utilized a Freddie Mac 5 year fixed rate loan for its senior financing, provided $6 million of common equity, and CastleSquare brought the $7.00 million in preferred equity to fill out the capital stack.
WESTCHESTER NY, Oct. 31, 2023 CastleSquare’s Capital Markets group announced today that it has secured $5,250,000 in preferred equity for the acquisition of Birch Brook Manor. Our team advised on the procurement and structuring of the investment behind Fannie Mae for the acquisition of Birch Brook Manor. Located at 81 – 89 South Highland Avenue, Birch Brook Manor is a 79-unit market-rate multifamily property in Ossining, New York.
CastleSquare is a multi-division firm:
(1) Our direct investment group is allocating $900mm in 2025 ground up, conversion, and recapitalization opportunities with experienced sponsors in the top 30 MSAs across the United States;
(2) Our capital markets group structures and sources cross-capital stack solutions for multifamily real estate sponsors through through its relationships spanning +300 capital sources, including private fund managers, family offices, REITs, pension funds, insurance companies, and national commercial banks.
