The Douglas

10-year fixed rate CMBS
Image of common area in a multifamily property filled with chairs and a grill which are located near a flight of stairs and surrounded by various bushes.
Amount: $
Interest Rate: 

The Douglas is a 32-unit multifamily property in Dallas, TX that has undergone major renovation over the last two years. StackSource arranged 10-year, fixed-rate CMBS financing for the acquisition of the property by a private New York-based buyer. The private buyer owns several multifamily properties in New York, but with recent regulatory changes to commercial and multifamily investment in the state, has shifted focus to multifamily properties out of state in low-tax, low-regulation states like Texas.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
Habitat for Humanity of Greater Newark