Old Capital Provides Acquisition Loan for Apartment Complex in Metro Dallas

CARROLLTON, TEXAS — Old Capital has provided a 12-year, non-recourse Fannie Mae loan with 80 percent leverage for the purchase of the Lodge at Timberglen apartments in Carrollton. A local investment group has acquired the property. The new owners plan to add more than $2 million in updated interiors, along with a new swimming pool at the 260-unit, Class B complex.