News Articles

CastleSquare arranges $4,250,000 of preferred equity for Knoxville, TN multifamily property acquisition

KNOXVILLE, May 31, 2024 – CastleSquare’s capital markets group announced today it has arranged a $4.25 million in preferred equity for the acquisition of Adelade Apartments, a multifamily complex located in Knoxville, Tennessee. The sponsorship assumed a $10.5 million Freddie Mac loan with an interest rate of 5.61% and invested $4.35 million of common equity. CastleSquare brought $4.25 million in preferred equity to complete the capital stack.

Read More »

CastleSquare arranges $7,100,000 of preferred equity for Tucson, AZ apartment acquisition 

TUCSON, Dec. 20, 2023 – CastleSquare’s capital markets group announced today it has arranged a $7.10 million in preferred equity for the acquisition of The Place at Spanish Trail, a multifamily complex within the East Tucson submarket. The sponsorship utilized short term senior and provided $10 million of common equity. CastleSquare brought $7.10 million in preferred equity to fill out the capital stack.

Read More »

CastleSquare arranges $7,000,000 of preferred equity for Dallas, TX apartment acquisition

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.

Read More »
Scroll to Top