DALLAS--Working on behalf of JLL Income Property Trust to obtain a $17.72 million non-recourse loan, CBRE Capital Markets' Debt & Structured Finance has arranged financing for the DFW Corporate Drive Portfolio in Grapevine.
The ten-year, interest-only loan has a rate of 3.23 percent and was secured through one of CBRE's correspondent life companies.
“Strong sponsorship, state-of-the-art design specifications and outstanding market fundamentals are all reasons that the DFW Corporate Drive Portfolio garnered a lot of interest from the lending community and we were able to secure attractive financing for the borrower,” Matt Ballard, with CBRE Capital Markets' Debt & Structured Finance, told GlobeSt.com.
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