JPI closed on construction financing for Jefferson Southwest Parkway, a planned $114 million Class A garden-style apartment community located at 4700 Lake Ridge Parkway in Grand Prairie, Texas. Anchor Loans secured the $94.6 million senior construction loan on behalf of JPI.
Slated for delivery in 2027, Jefferson Southwest Parkway will feature 439 multifamily units, including studio, one-, two-, and three-bedroom apartments. Amenities include a pool, fitness center, dog park and large clubhouse.Â
Between Dallas and Fort Worth, Jefferson Southwest Parkway offers access to major interstates and state highways.
Anchor Loans, a Pretium company, is a private real estate lender with more than $22 billion in loans funded to date. As a financing partner to professional real estate developers, homebuilders, and investors, Anchor provides capital through its direct, broker, and institutional lending channels, supporting residential renovations, ground-up construction, and community developments nationwide.
The post JPI Closes on Loan for $114M Grand Prairie Rental Community appeared first on Connect CRE.
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