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  • $7,081,000

$7,081,000

Robb Capital, LLC Facilitates $7.08 Million Financing for Canyon Oaks Apartments

Date: On July 29th, 2020, Robb Capital, LLC proudly announced the successful arrangement of financing in the amount of $7,081,000 for Canyon Oaks Apartments, a well-regarded residential community located in Desoto, Dallas County, TX.

Property Details:

– Street Address: 1021 Pecan Crossing Dr, DeSoto, TX 75115

Loan Details:

– Loan Amount: The financing package secures $7,081,000, providing essential support for the ongoing growth and development of Canyon Oaks Apartments.

– Interest Rate: This financing offers an attractive interest rate of 3.07%, ensuring favorable and cost-effective terms for the borrower.

– Term: The financing features a 10-year term, providing stability and predictability for both the borrower and the property’s investors.

– Type of Program: Structured as a Fannie Mae DUS Permanent loan, this financing provides a reliable foundation for the property’s financial structure.

– Loan to Value (LTV): The LTV ratio stands at 72%, reflecting a balanced financing structure that offers favorable terms for the borrower.

Robb Capital, LLC is pleased to have played a role in facilitating this $7.08 million financing for Canyon Oaks Apartments. This financing empowers the continued growth and prosperity of this residential community in Desoto, Dallas County, TX, further solidifying its position as a valuable asset in the local real estate landscape.