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DALLAS-The owner of the 480-unit Legends at Ridgeview Ranch in Plano has secured a $25-million loan for the class A complex, built in 1999.

NorthMarq Capital Inc. through a correspondent lender arranged the financing for FF Plano Ridgeview Partners Ltd. The complex is located at 2300 Kathryn Lane.

The Legends at Ridgeview Ranch consists of 48 two-story buildings and a single-story leasing office and clubhouse building. The complex is situated on 33.8 acres adjacent to the Ridgeview Ranch Golf Course.

NorthMarq’s Dallas team of William L. Jackson, senior vice president and managing director, and Stephen C. Whitehead, assistant vice president and producer put together the financing package.

In another multifamily deal, Oakwood Property Co. of Dallas bought the 320-unit Brookhollow Apartments in El Paso. The property has undergone significant rehabilitation at the behest of the city. The upgrades pushed occupancy to 96% at sale time.

Ross Love, a Henry S. Miller Commercial vice president, represented Oakwood in the acquisition. John Shirey of Legacy Commercial negotiated the pact for seller, Brookhollow Enterprises Inc.

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