DALLAS-With its construction loan nearing maturity, Trinity Lofthas obtained a $10.6-million permanent loan through FreddieMac.


The mixed-use property, which consists of 93 units of class Aapartments and 28,000-square-feet of ground-floor retail, is ownedby a joint venture comprised of Alpha-Barnes Real Estate Servicesand the Jim Lake Cos. It is located at 1403 Slocum in the city’sDesign District along Stemmons Freeway and is within walkingdistance to the Victory Park development and the American AirlinesCenter.


The new securitized loan has a fixed-rate at sub 5% and aseven-year term, according to John Brownlee, a senior managingdirector at HFF’s local office. He and Mike Ostella, a senior realestate analyst with HFF, secured the loan. HFF will service theloan through their Freddie Mac Program Plus

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