105
IRVING — Beech Street Capital has arranged a $26 million Fannie Mae Structured ARM loan to refinance the 504-unit Shadows of Cottonwood, a multifamily community located in Irving. The apartment community features three pools, a spa, outdoor grills, picnic area, business center, a clubroom and covered parking. Kristen Croxton and Greg Reed of Beech Street's Newport Beach, Calif., office arranged the loan on behalf of the borrower, Buchanan Street Partners. Croxton and Reed also secured a third party interest rate cap from Greystar Real Estate Partners.