CastleSquare arranges $7,000,000 of preferred equity for Dallas, TX apartment acquisition
November 29, 2023
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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.
