Breaking NewsGlobeSt.com will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROUND ROCK, TX-NorthMarq, working on behalf of a Canadian partnership, supplied secured to the tune of $52.3 million for the acquisition of Monterone at Round Rock Apartments. With help from the sub-4% loan, buyer Dedicated O’Connor RR LP succeeded in purchasing the 583-unit, class A multifamily property from a TIC operating under the names of Amaravathi LP and Amaravathi Keerthi LLC.

The multifamily property is located at 7711 O’Connor Dr. in Round Rock, due north of Austin. Patton Jones with Apartment Realty Advisors represented the seller in the transaction, and NorthMarq’s Dallas and Tampa offices teamed to secure the financing with a correspondent life company lender. The interest rate is fixed for 10-years with two years interest-only, followed by a 30-year amortization.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.