GE REAL ESTATE PROVIDES $18.45 MILLION MF LOAN
FORT WORTH, TEXAS — GE Real Estate has provided $18.45 million for the financing of Cameron Creek Apartments, a 446-unit multifamily community located at 5209 Bryant Irvin in Fort Worth. The community contains a mix of one-, two- and three-bedroom unit averaging 859 square feet each. Community amenities include two pools, two tennis courts, a spa, a fitness center, a volleyball court and a clubhouse. The financing was negotiated by the Dallas office of Holliday Fenoglio Fowler on behalf of The Bascom Group. Terms of the loan include a 36-month term with a fixed interest rate. The borrower plans to implement a capital improvements program that will include the addition of barbecue areas, a children’s play area, a business center, and interior unit upgrades.