Newmark recently arranged a $122 million loan for the refinancing of Alesio Urban Center, a 908-unit apartment community in Irving. The five-year fixed-rate loan was secured through global investment management firm KKR on behalf of the borrower, Harbor Group International. This financing follows Harbor’s purchase of the property in 2021 which was financed with a $117.6 million loan from KREF Lending.
Alesio Urban Center offers studio, one-, two- and three bedroom units that are furnished with stainless steel appliances and quartz countertops as well as new hardware, lighting and cabinetry to provide residents with modern living spaces ranging from 386 square feet to over 2,000 square feet at rent prices between $965 -$5 620 per month. Residents can also enjoy amenities such as five pools; six courtyards; fitness center; outdoor grilling & dining stations; running trails & game lounge making it an ideal place for comfortable living experience!
