Connect Media > National News > Midwest > Arkansas > 3G Capital Advisors Facilitates $179M in Freddie Mac Loans

August 22, 2019 Comments Off on 3G Capital Advisors Facilitates $179M in Freddie Mac Loans Views: 859 Arkansas, California News, Colorado, National News, Texas News, West

3G Capital Advisors Facilitates $179M in Freddie Mac Loans

Order Reprints...

Newport Beach, CA-based 3G Capital Advisors LLC closed $179.2 million in permanent financing for Watermark J&L Partners, LLC. The loans, originated through Greystone and provided by Freddie Mac, will refinance a portfolio of four multifamily communities with a total of 1,188 units in Arkansas, Colorado and Texas.

Watermark Residential’s Paul Thrift says, “3G Capital provided us a window into new agency financing opportunities that will allow us to redeploy capital more efficiently and effectively.”

The four properties that received the financing include:
– Watermark at Steele Crossing, a 306-unit community in Fayetteville, AR
– Watermark on Harvest Junction, a 276-unit community in Longmont, CO (pictured)
– Watermark on Twenty Mile, a 294-unit community in Parker, CO
– The Ranch at Sienna Plantation, a 312-unit community in Missouri City, TX

Each of the loans are fixed rate, 15-years, with seven years of interest-only payments. Greystone’s PJ McDevitt originated the transaction.

Connect With Watermark Residential’s Thrift

Connect With 3G Capital Advisors LLC

Connect With Greystone’s McDevitt

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.