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CrossHarbor Capital Provides $95M Loan for Refinancing of Dallas Apartment Property

The-McKenzie-Dallas

The McKenzie, a newly built, 183-unit apartment community in Dallas, was 50 percent occupied at the time of the refinancing.

DALLAS — Boston-based CrossHarbor Capital Partners has provided a $95 million loan for The McKenzie, a 183-unit apartment property in Dallas. The McKenzie was 50 percent occupied at the time of the loan closing and features one-, two- and three-bedroom units averaging 1,600 square feet. Amenities include a pool, fitness center and 24-hour concierge and valet services. The loan, which will be used to refinance construction debt, was provided to a partnership between StreetLights Residential and A.G. Hill Partners, which developed the property in 2018.

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