Chicago-based Intercapital Group, a real estate investment firm, has acquired six apartment communities in North Texas for nearly $107 million with the help of aFannie Mae loan. In all, the communities total 1,711 apartments.
Terms of the Fannie Mae loans totaling $106.9 million include 10 years, 30-year amortization and three years of an interest-only loan.
Read more at Dallas Business Journal.