Colliers Mortgage Provides $32.9 Million Construction Financing for Deer Park Apartments in Decatur, Texas

by Channing Hamilton

DECATUR, TEXAS — Colliers Mortgage has closed a $32.9 million HUD loan to facilitate the construction of Deer Park Apartments in Decatur, about 40 miles north of Fort Worth. Fritz Waldvogel arranged the financing through a partnership with Old Capital Lending. The loan carries a 40-year term and amortization. The borrower was Deer Park Apts QOZB LLC.

Deer Park Apartments features 204 apartments in one-, two- and three-bedroom floor plans. Amenities include a fitness center, business center, community room, pool, mail center, billiards room, outdoor lounge area, outdoor grills and a dog park. A covered parking garage is also available to tenants.

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