BISHOP AVENUE CAPITAL ARRANGES $11.3 MILLION FOR TIMBER OAKS APARTMENTS

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MIDLOTHIAN, TEXAS — Bishop Avenue Capital, a Dallas-based commercial real estate services provider, has arranged $11.3 million in construction and mini-perm financing for the Timber Oaks Apartments located at 700 Timber Oaks Ln. in Midlothian. The buyer, a Texas-based developer, will use the funds for undisclosed renovations on the 180-unit multifamily property. Michael Tenbusch and Denis Healy of Bishop Avenue Capital originated the loan.

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