{"id":1004086222,"date":"2013-11-04T08:04:19","date_gmt":"2013-11-04T16:04:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004086222"},"modified":"2022-12-06T05:45:50","modified_gmt":"2022-12-06T13:45:50","slug":"beech-street-closes-loan-for-suburban-dallas-m-f-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/beech-street-closes-loan-for-suburban-dallas-m-f-property\/","title":{"rendered":"Beech Street Closes Loan for Suburban Dallas M-F Property"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><em>\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Marbletree-Apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004086224\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/beech-street-closes-loan-for-suburban-dallas-m-f-property\/marbletree-apartments\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Marbletree-Apartments.jpg\" data-orig-size=\"734,550\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Marbletree Apartments\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Marbletree-Apartments.jpg?w=734\" class=\"alignleft size-medium wp-image-1004086224\" alt=\"Marbletree Apartments\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Marbletree-Apartments.jpg\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Marbletree-Apartments.jpg 734w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Marbletree-Apartments.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/em>It&#8217;s business as usual for Beech Street Capital L.L.C. as the company moves toward completing its merger with Capital One Financial Corp. Among the mortgage banking concern&#8217;s latest transactions is the closing of a Fannie Mae conventional loan for a borrower&#8217;s off-market acquisition of the 416-unit Marbletree Apartments in Irving, Tex., just outside of Dallas.<\/p>\n<p>The financing comes in the form of a fixed-rate, 12-year loan, featuring three years of interest-only and a 30-year amortization schedule.<\/p>\n<p>\u201cInterest rates remain at attractive levels and investor confidence in Texas continues to grow,&#8221; Sam Jones, a loan originator with Beech Street, told <em>Commercial Property Executive<\/em>. &#8220;We expect the competition on acquisitions to remain fierce as Texas market fundamentals continue to strengthen.&#8221;<\/p>\n<p>The borrower was in a hurry and having connections certainly helped expedite the process; the buyer has a history with the seller as well as with Larry Sneathern, senior vice president with Beech Street and originator of the transaction.<\/p>\n<p>&#8220;Off-market opportunities are coveted by investors but speed and certainty of execution are imperative,&#8221; Jones added. &#8220;In the case of Marbletree, Beech Street Capital was able to provide a commitment and rate lock prior to the borrower\u2019s hard-money date, which helped accelerate the closing date.&#8221;<\/p>\n<p>Beech Street hasn&#8217;t missed a beat, despite the intensity that comes with a merger. The company, which presently services a loan portfolio of approximately $10 billion, announced in August that it had entered into a definitive agreement to be acquired by Capital One. The merger just closed this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s business as usual for Beech Street Capital, as the company moves toward completing its merger with Capital One Financial Corp. Among the mortgage banking concern&#8217;s latest transactions is the closing of a Fannie Mae conventional loan for a borrower&#8217;s off-market acquisition of the 416-unit Marbletree Apartments just outside of Dallas.<\/p>\n","protected":false},"author":969,"featured_media":1004086224,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004086222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Beech Street Closes Loan for Suburban Dallas M-F Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/beech-street-closes-loan-for-suburban-dallas-m-f-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beech Street Closes Loan for Suburban Dallas M-F Property\" \/>\n<meta property=\"og:description\" content=\"It&#039;s business as usual for Beech Street Capital, as the company moves toward completing its merger with Capital One Financial Corp. Among the mortgage banking concern&#039;s latest transactions is the closing of a Fannie Mae conventional loan for a borrower&#039;s off-market acquisition of the 416-unit Marbletree Apartments just outside of Dallas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/beech-street-closes-loan-for-suburban-dallas-m-f-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-04T16:04:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T13:45:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Marbletree-Apartments.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"734\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closes-loan-for-suburban-dallas-m-f-property\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closes-loan-for-suburban-dallas-m-f-property\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Beech Street Closes Loan for Suburban Dallas M-F Property\",\"datePublished\":\"2013-11-04T16:04:19+00:00\",\"dateModified\":\"2022-12-06T13:45:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closes-loan-for-suburban-dallas-m-f-property\\\/\"},\"wordCount\":271,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closes-loan-for-suburban-dallas-m-f-property\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/11\\\/Marbletree-Apartments.jpg\",\"articleSection\":[\"Dallas\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closes-loan-for-suburban-dallas-m-f-property\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closes-loan-for-suburban-dallas-m-f-property\\\/\",\"name\":\"Beech Street Closes Loan for Suburban Dallas M-F Property - 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