“Secure Your Weatherford Property Purchase with Nova’s Loan Assistance”

"Secure Your Weatherford Property Purchase with Nova's Loan Assistance"

Nova Capital secures $55.85 million in financing for Darwin German Real Estate’s acquisition of The Mark at Weatherford Apartments, a 355-unit Class A multifamily property located 20 miles west of Fort Worth. The property, built in 2021 and currently 94% occupied, sits on an expansive 11.50-acre parcel adjacent to Weatherford College.

Steven Yazdani of Nova Capital arranged the financing which includes a $37.85 million Fannie Mae senior loan from Walker & Dunlop and $18 million in preferred equity from Tryperion Holdings.

Despite recent headlines, there is still strong demand from capital providers for high-quality multifamily properties in rapidly growing markets like Dallas-Fort Worth,” says Yazdani confidently. He adds that the DFW metroplex has seen significant job growth with over half a million new jobs added just last year.

Darwin German recognizes that The Mark at Weatherford is well-positioned to benefit from increasing demand for rental properties due to this exponential growth.

The article “Nova-Secured Loan Aids in Weatherford Property Purchase” originally appeared on Connect CRE.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts