Sundance Bay Snags $95.7M Financing on Two Texas Rental Communities

Sundance Bay obtained financing totalling $95.7 million for a 626-unit two-property Texas portfolio. Cushman & Wakefield’s Texas Equity, Debt & Structured Finance (EDSF) arranged the financing, which consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan through CCL Capital. The portfolio includes Grove East, a 324-unit...