Lightstone Capital Refis Dallas Apartments With $29M Loan
Lightstone Capital has closed $28.5 million of senior bridge financing to refinance a Dallas multifamily asset.
Lightstone Group, a real estate debt platform, provided the loan to Azul Multifamily DE for its 362-unit apartment complex in northeast Dallas. Lightstone Capital's senior managing director Eugene Rozovsky stated that the owners wanted to quickly refinance and Lightstone was able help them. The property, which was built in 1983, is located at 10928 Audelia Road, 12 miles from Downtown Dallas. It includes 20 apartment buildings on three stories and 470 parking spots. Andrew Coen can reached at EMAIL