**JPI Secures Financing for $114M Apartment Community in Grand Prairie, Texas**
JPI has successfully closed on construction financing for Jefferson Southwest Parkway, a $114 million Class A garden-style apartment community planned for Grand Prairie, Texas. The project will be located at 4700 Lake Ridge Parkway. Anchor Loans facilitated the deal, securing a $94.6 million senior construction loan on behalf of JPI.
Scheduled for completion in 2027, Jefferson Southwest Parkway will consist of 439 multifamily units, including studio, one-, two-, and three-bedroom apartments. Residents will have access to a range of high-end amenities, such as a swimming pool, fitness center, dog park, and a spacious clubhouse.
Positioned between Dallas and Fort Worth, the development offers convenient access to major interstates and state highways, making it an attractive option for commuters and locals alike.
Anchor Loans, a Pretium company, is a leading private real estate lender with over $22 billion in loans funded to date. The firm partners with professional real estate developers, homebuilders, and investors, providing capital for residential renovations, ground-up builds, and community development projects across the nation.
