DALLAS (Feb. 6, 2019) – Berkadia announces it has arranged acquisition financing for Ashton Oaks, a 168-unit garden-style multifamily asset in McKinney, Texas, just north of Dallas. Senior Managing Director Cutt Ableson and Analyst Colin Marusak of Berkadia’s Houston office secured the Fannie Mae loan on behalf of Yankee Capital Partners, LLC, a real estate investment firm based in Cambridge, Massachusetts.
Fannie Mae provided a 10-year, fixed-rate loan with a competitive interest rate and multiple years of interest-only payments.
“Yankee transacted flawlessly” said Ableson. “Berkadia was pleased to assist Yankee with the Ashton loan, and we look forward to their continued growth.”
Built in 1986, Ashton Oaks is located at 2003 Skyline Drive. One- and two-bedroom units offer dishwasher, disposal, range, walk-in closets, pantry, washer/dryer and fireplace. Community amenities include a fitness center, courtyard, playground, barbecue area, business center and pet play area.
Located just 40 minutes from downtown Dallas, Ashton Oaks is situated near important transit routes and employment hubs. West University Drive is less than five minutes away, and North Central Expressway is five minutes away. Baylor Scott & White Medical Center is under ten minutes away and it is a half mile away from Raytheon’s McKinney Campus.