JUNIPER BORROWS $17.5 MILLION FOR AFFORDABLE HOUSING ACQUISITION

FORT WORTH AND PLANO, TEXAS — Juniper Investment Group has secured two loans totaling $17.5 million for the company’s acquisition of two Texas affordable housing communities. Garden Gate Fort Worth is located at 6901 N. Beach St. in Fort Worth, and Garden Gate Plano is located at 1201 Legacy Dr. in Plano. Both properties contain 240 units with an average unit size of 840 square feet. Marc Sixour and Sabrina Solomiany of Holliday Fenoglio Fowler originated the financing on behalf of Juniper. Financing for the Fort Worth property totaled $7.8 million, and financing for the Plano property totaled $9.7 million. The lender was Freddie Mac.