BERKELEY POINT PROVIDES $40M LOAN FOR AMLI TOWNE SQUARE APTS.

HOUSTON — Berkeley Point Capital has provided a $40 million acquisition loan for the 380-unit AMLI Towne Square Apartments, located in Houston. The property will be renamed Standard on West Dallas. Ed Belz of Berkeley Point's Boston office arranged the seven-year loan through the Fannie Mae DUS lender program on behalf of the borrower, Baron Properties. The borrower plans to spend $4.4 million on capital improvements on the property.