Azure Partners Receives $32M Acquisition Loan for 267-Unit Apartment Complex in Fairview

FAIRVIEW, TEXAS — Azure Partners LLC has received a $32 million acquisition loan for Sorrel Fairview, a 267-unit, Class A multifamily property located at 351 Sugarloaf Trail in the North Texas city of Fairview. The property features a pool, game room, fitness center and an on-site car wash. Abe Hirsch, Moshe Majeski and Zev Karpel of Meridian Capital arranged the five-year loan, which features a fixed 4 percent interest rate and three years of interest-only payments.