Chicago, Illinois – NXT Capital announced today that it closed a $37.8 million loan to finance the acquisition of a 312-unit, Class B+ apartment community located in Haltom City, Texas.
The property is located eight miles north of Downtown Fort Worth and 19 miles west of the Dallas Fort Worth International Airport. Community amenities include a clubhouse with business center, billiards room, fitness center, Sport Court, playground, outdoor kitchen, a swimming pool, lap pool, BBQ grills and a dog park.
Alex Inman from the Dallas office of Walker Dunlop placed the loan with NXT Capital.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis. Lending/financing services provided by NXT Capital, LLC. Loans will be arranged or made pursuant to a California Financing Law License.