Resia Obtains $38M Refi for Denton Apartments

Resia scored a $37.9 million refinancing for Resia Rayzor Ranch, a 322-unit community in Denton, Texas. ACRE was the lender, in a deal arranged by JLL Capital Markets. Commercial Edge reports previous financing included a $41.8 million HUD section 223(f) loan, with a 6.28 percent interest rate, originated in 2023 by Colliers Mortgages. The maturity...