QUANTUM SECURES $6.55 MILLION APARTMENT LOAN

FORT WORTH, TEXAS — Dallas-based Quantum First Capital (QFC) secured $6.55 million in financing for Woodridge Apartments, a 248-unit multifamily property located at 500 East Loop 820 in Fort Worth. Situated on 10.38 acres, the community comprises 17 buildings with a mix of one-, two- and three-bedroom units. Property amenities include a clubhouse, a swimming pool, a courtyard, a laundry center, courtesy patrol and covered parking. Eli Gershenson of QFC originated the financing on behalf of a Texas limited partnership. The loan carries a 7-year term with 2 years interest-only, followed by a 30-year amortization schedule. It also has a sub-6 percent interest rate. The loan was funded by Green Park Financial through the Fannie Mae DUS program.