Capital Square 1031 Acquires 232-Unit Alexander Pointe Apartments in Orange Park, Florida
March 31, 2017 | MultifamilyBiz.com
JACKSONVILLE, FL – Capital Square 1031 announced that the firm recently completed its fourth acquisition in seven months financed with a loan originated by Walker & Dunlop to be assigned to Fannie Mae with the purchase of Alexander Pointe Apartments.
Alexander Pointe Apartments is a Class B, garden-style community with 232 apartment homes located in the Jacksonville, Florida suburb of Orange Park.
Totaling more than $57 million, the four Fannie Mae acquisition loans were originated by Andrew Tapley, managing director, and Alexandra Huffman, assistant vice president, of Walker & Dunlop, one of the largest agency lenders in the United States, and the No. 1 Fannie Mae Green lender in 2016. The group of loans include favorable fixed interest rates for 10-year loan terms starting at 3.44 percent.
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