JPI Lands $114M Loan for Grand Prairie Apartment Community
JPI in partnership with Anchor Loans closed on construction financing for Jefferson Southwest Parkway, a planned $114 million Class A garden-style apartment community located at 4700 Lake Ridge Parkway in Grand Prairie, Texas.
Slated for delivery in 2027, Jefferson Southwest Parkway will feature 439 multifamily units, including studio, one-, two-, and three-bedroom apartments. A suite of amenities includes a pool, fitness center, dog park , and a large clubhouse.
Between Dallas and Fort Worth, Jefferson Southwest Parkway offers easy access to major interstates and state highways, ensuring seamless connectivity throughout the Metroplex. Residents will also benefit from direct access to scenic walking trails in the wooded area on the north end of the property.
According to its website, JPI has nine apartment complexes under construction and has sold more than 30 in Texas and California. The company has another project under construction in Grand Prairie, called Jefferson Harlow (photo).
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout