Eastern Union Arranges $24M Acquisition Loan for Dallas Apartment Community

DALLAS — Commercial mortgage brokerage firm Eastern Union has arranged a $24 million acquisition loan for Magnolia Creek, a 430-unit multifamily community located at 7272 Marvin D. Love Freeway in Dallas. The transit-oriented property features a pool, fitness center, outdoor grilling area and a playground. Marc Belsky of Eastern Union arranged the financing through Arbor Realty Trust Inc. on behalf of the borrower, Ashcroft Capital.