Chicago, Illinois – NXT Capital announced today that it closed a $61 million loan to refinance a Class-A, mid-rise apartment community totaling 400-units in Dallas, Texas.
The property is located on the Trinity Strand hike/bike trail in the Dallas Design District. Property amenities include a fitness center, three courtyards with firepits, two swimming pools, resident lounge, business center, game room, bike storage and a controlled-access garage.
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.