DALLAS-Billingsley Co. has secured a 10-year, fixed-ratepermanent loan of $49 million for Gramercy On The Park, a 535-unit,Class A apartment community situated at 4755 Gramercy Oaks Driveoff the Dallas North Tollway. A Holliday Fenoglio Fowler teamheaded by Trey Morsbach negotiated the company in receiving thefund through Freddie Mac. Holliday Fenoglio Fowler will provide theloan service via a Freddie Mac program.

Billingsley used the financing to pay off an ongoingconstruction loan on the property built in 2011. For the fullstory, go to Dallas Business Journal .

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