JOHNSON CAPITAL ARRANGES $41 MILLION FOR 600-UNIT APARTMENT COMPLEX
COPPELL, TEXAS — Martin Fayer of Johnson Capital’s Washington, D.C., office has arranged approximately $40.98 million in financing for the St. Marin/Karrington Apartments in Coppell. Fayer arranged two separate loans for the apartment owner, Williams Multifamily Realty Advisors. Freddie Mac assumed an existing approximately $31.38 million fixed-rate loan and provided a supplemental fixed-rate loan of $9.6 million. The St. Marin/Kensington Apartments, which is located adjacent to the Riverchase Golf Club and the R.J. Mcinnish Park, consists of 600 units in two buildings. Community amenities include a swimming pool, a fitness center, a putting green and a basketball court.