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APARTMENT FINANCING
FORE Announces Financing of Luxury Apartments in the Greater Dallas Metroplex PR Newswire via Yahoo Finance Apartment developer JPI of Irving lays off workers wonapost pursue new Dallas Morning News
Sat, 11 Oct 2008 05:42:33 +0000
PRNewswire Fore Property Company FORE announces today it has secured financing with its joint venture equity partner Fidelity Investments and debt partner the Bank of Texas for the development of a unit luxury community on an acre site in McKinney Texas. Bank of Texas will provide . million in construction financing toward the total million in development costs of Stonebrook Villas. Securing financing given today s turbulent economic conditions highlights that there is still a need for high quality apartment communities in the right locations commented Richard Fore of Fore Property Company. This was an outstanding effort by the FORE team and we look forward to working with two great institutions Fidelity and the Bank of Texas in providing the city of McKinney with a brand new luxury community. Stonebrook Villas a unit Class A development will be built near the intersection of Custer Road and Virginia Parkway. The community is in close proximity to the Technology Corridor and a variety of restaurants and retail including Stonebriar Centre Mall Shops on the Green and McKinney Town Crossing. Stonebrook Villas is conveniently located near major transportation arteries offering easy access to downtown Dallas. The Dallas Area Rapid Transit DART has two transit centers just miles from the site in Plano which will allow further access to the greater Dallas Fort Worth area. The two and three story garden style buildings will consist of one two and three bedroom apartment homes and will range in sizes from to square feet. This community will offer amenities and finishes in line with today s Class A apartments including a sq. ft. modern clubhouse state of the art fitness facility multi purpose entertainment lounge and a resort style swimming pool. FORE believes their competitive advantage in this market will stem from innovative designs hotel quality property management services and the inclusion of green features to satisfy an unmet need in the market. FORE is continuing with the development process and construction should begin as scheduled at the end of October. Fore Property Company FORE is a full service national real estate company with over years of experience in developing constructing and managing communities. FORE has built over apartment units in over communities in states and cities. For additional information about Fore Property Company and all of their communities visit www.foreproperty.com . For more information contact Rebecca Fore ext. rebeccaforeforeproperty.com Source Fore Property Company Email Story Set News Alert Print Story Copyright Yahoo Inc. All rights reserved. Privacy Policy Terms of Service Copyright PR Newswire . All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon.
FORE Announces Financing of Luxury Apartments in the Greater Dallas Metroplex PR Newswire via Yahoo Finance Apartment developer JPI of Irving lays off workers wonapost pursue new Dallas Morning News
Sat, 11 Oct 2008 05:42:33 +0000
PRNewswire Fore Property Company FORE announces today it has secured financing with its joint venture equity partner Fidelity Investments and debt partner the Bank of Texas for the development of a unit luxury community on an acre site in McKinney Texas. Bank of Texas will provide . million in construction financing toward the total million in development costs of Stonebrook Villas. Securing financing given today s turbulent economic conditions highlights that there is still a need for high quality apartment communities in the right locations commented Richard Fore of Fore Property Company. This was an outstanding effort by the FORE team and we look forward to working with two great institutions Fidelity and the Bank of Texas in providing the city of McKinney with a brand new luxury community. Stonebrook Villas a unit Class A development will be built near the intersection of Custer Road and Virginia Parkway. The community is in close proximity to the Technology Corridor and a variety of restaurants and retail including Stonebriar Centre Mall Shops on the Green and McKinney Town Crossing. Stonebrook Villas is conveniently located near major transportation arteries offering easy access to downtown Dallas. The Dallas Area Rapid Transit DART has two transit centers just miles from the site in Plano which will allow further access to the greater Dallas Fort Worth area. The two and three story garden style buildings will consist of one two and three bedroom apartment homes and will range in sizes from to square feet. This community will offer amenities and finishes in line with today s Class A apartments including a sq. ft. modern clubhouse state of the art fitness facility multi purpose entertainment lounge and a resort style swimming pool. FORE believes their competitive advantage in this market will stem from innovative designs hotel quality property management services and the inclusion of green features to satisfy an unmet need in the market. FORE is continuing with the development process and construction should begin as scheduled at the end of October. Fore Property Company FORE is a full service national real estate company with over years of experience in developing constructing and managing communities. FORE has built over apartment units in over communities in states and cities. For additional information about Fore Property Company and all of their communities visit www.foreproperty.com . For more information contact Rebecca Fore ext. rebeccaforeforeproperty.com Source Fore Property Company Email Story Set News Alert Print Story Copyright Yahoo Inc. All rights reserved. Privacy Policy Terms of Service Copyright PR Newswire . All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon.
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