; Capmark Finance originates $26 million multifamily deal
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Capmark Finance originates $26 million multifamily deal

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Capmark Finance Inc announced it has originated non-recourse, interim loans totaling $26.45 million in financing for five multifamily properties located in the Dallas and Houston markets. Capmark Finance's experience in financing for value-add multifamily properties enabled them to structure and close these loans for their clients in an unstable market, said VP Brant Smith. Situated on almost 20 acres at 11111 West Montgomery Road, Woodglen Village was completed in 2000 and is comprised of 12 two- and three-story buildings and a leasing office. Built in 1984, Meadowbrook Apartments features 260 garden-style units and is 94% occupied.

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