In 2022, ACRE provided $59,000,000 of bridge financing on this well-located and institutionally owned multifamily property in Plano (Dallas), TX. The loan had an initial funding of $54,550,000 at closing and featured $4,450,000 of future funding to complete a renovation of the Property. Avalon at Chase Oaks is situated in a prime location just off the Sam Johnson Highway which allows for convenient access to the three main highway arterials including Dallas North Tollway, Sam Rayburn Tollway, and President George Bush Turnpike. The Property is also minutes from the new CityLine project, a 186-acre mixed-use development along the President George Bush Turnpike and North Central Expressway.
- Plano (Dallas), TX
- 326 Units