The Shores at Las Colinas, a 908-unit Class A multifamily property in Irving, has secured a $47.75 refinancing. HFF worked exclusively on behalf of the owner, Boston-based Metropolitan Properties of America, in putting the deal together. The three-year, 1.84 percent adjustable rate loan was arranged through Capital One.
The Shores at Las Colinas is a 17-building property that totals nearly 800,000 square feet. It’s located on East Las Colinas Blvd. near the Irving Convention Center. Units range from lofts to two-bedroom options and average about 874 square feet in size. Amenities include frontage on Lake Carolyn, five swimming pools, and a fitness center and club.
Steve Heldenfels, managing director, led the HFF team, which also included Bob Herron and Mona Carlton, senior managing directors.