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Multifamily: One Owner Gets $25-Mil Loan, Another Buys in El Paso

DALLAS-NorthMarq Capital's Dallas office has arranged a $25-million loan for the owner of the 480-unit Legends at Ridgeview Ranch in Plano. In El Paso, Dallas' Oakwood Capital has bought a 320-unit complex.

By Connie Gore | Updated on July 18, 2001

DALLAS-The owner of the 480-unit Legends at Ridgeview Ranch in Plano has secured a $25-million loan for the class A complex, built in 1999.

NorthMarq Capital Inc. through a correspondent lender arranged the financing for FF Plano Ridgeview Partners Ltd. The complex is located at 2300 Kathryn Lane.

The Legends at Ridgeview Ranch consists of 48 two-story buildings and a single-story leasing office and clubhouse building. The complex is situated on 33.8 acres adjacent to the Ridgeview Ranch Golf Course.

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