The largest loan exceeds $10 million and is a 10-year deal carrying a fixed interest rate of 7 1/8% with a 30-year amortization. Dan Spears, regional director, structured the package for the owner of the 252-unit, 194,275-sf Sunwood Village Apartments in Las Vegas.
Henry S. Miller's Chance Johnson has put together a $1.4 million package for Dallas Industries Partners, which counts Mike McAuley, president of Henry S. Miller Real Estate Investment Partners, as a general partner. The construction loan is for a 22,320-sf office-flex project at 1609 Precision Dr. in Plano.
Dallas Industries' 10-year loan carries a fixed interest rate of 7.65% and a 75% loan-to-value ratio amortized over 30 years. The property is 33% owner occupied.
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