REBusinessOnline

NXT Capital Provides $29M Acquisition Loan for Plano Apartments

250-Unit-Plano-Apartment

NXT Capital has provided acquisition financing for an undisclosed, 250-unit apartment community in Plano.

PLANO, TEXAS — Chicago-based NXT Capital has provided a $29 million first mortgage loan for the acquisition of a 250-unit apartment community in Plano. The property is located within half a mile of U.S. Highway 75 and offers a pool, fitness center, outdoor grilling area, business center, tennis court, media room and an indoor basketball court. Jeremy Sain of HFF placed the loan with NXT Capital on behalf of the undisclosed borrower.

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