BEDFORD, TX-A Texas-based limited partnership has taken a $5.7-million Fannie Mae loan to acquire the Surrey Oaks Apartments in Bedford. Surrey Oaks 2012 LP borrowed the Fannie Mae loan from Centerline Capital Group. The 152-unit apartment community comprises 13 two-story apartment buildings and is located at 3001 Crystal Springs.
The 10-year fixed-term loan comes with a 30-year amortization. The loan-to-value is 80%. The apartment complex was constructed in 1983. Centerline's Ian Monk and Steven Cox worked on the deal. For the full story, go to Dallas Business Journal .
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