Bexley Lake Forest
McKinney, Texas

Client
Weinstein Properties

Description
Century Lake Forest , a 334-unit Class A apartment complex 30 minutes north of Dallas, Texas. Was purchased and rebranded as Bexley Lake Forest. The amenity-rich complex was the third community the sponsor had acquired in the Dallas/Fort Worth market and ninth in the state of Texas.

Structuring
New York Life Insurance Company provided a $40 million of long-term, fixed-rate acquisition loan.