DALLAS-Billingsley Co. has secured a 10-year, fixed-rate permanent loan of $49 million for Gramercy On The Park, a 535-unit, Class A apartment community situated at 4755 Gramercy Oaks Drive off the Dallas North Tollway. A Holliday Fenoglio Fowler team headed by Trey Morsbach negotiated the company in receiving the fund through Freddie Mac. Holliday Fenoglio Fowler will provide the loan service via a Freddie Mac program.
Billingsley used the financing to pay off an ongoing construction loan on the property built in 2011. For the full story, go to Dallas Business Journal .
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