Momentum Real Estate Partners has secured $34.5 million in financing for the acquisition of Provenza at Windhaven, an apartment community in Lewisville, Texas. The 324-unit property is located at 4900 Windhaven Parkway on the outskirts of the Dallas-Fort Worth metropolitan area that was completed in 2015. Christopher Apone and Charles Foschini of CBRE’s Miami office arranged an eight-year loan on behalf of Momentum with an interest-only period from USAA. “While we ran a competitive process that included both agency lenders, USAA came to the table with extremely competitive terms that included a flexible prepayment schedule, unique for life companies and very important for a closed-end fund,” said Charles Foschini, CBRE Vice Chairman of South Florida Markets.
