VeraLux Homes presents designs in Azle

The Dallas Builders Association’s Home of the Week is by VeraLux Homes in Rosewood Estates in Azle. This development is taking pre-orders for new home builds that will be move-in ready by spring 2021. Prices range from the $250s to the $320s. Pre-order incentives are available.

In what used to be primarily rolling hills and ranches, a new community has developed featuring 65 spacious lots from which to choose. A tree-lined drive leads into the community, which has historical charm and is near downtown Azle, the site of award-winning eateries, boutique shopping and custom artisans. Rosewood Estates also offers proximity to major thoroughfares and the Cross Timber Golf Course.

“Customize your dream home with options of multiple floor plans, elevations and designer finish-outs tailored to suit your personality and living style,” said a company spokesperson.

All homes provide top energy-efficiency ratings and the latest in smart home technologies, an open-concept

Read More

Greystone Provides $24 Million in HUD-Insured Financing for a Multifamily Property in Azle, Texas

NEW YORK, Sept. 30, 2020 (GLOBE NEWSWIRE) — Greystone, a leading commercial real estate lending, investment, and advisory company, has provided a $24 million HUD-insured loan to refinance a 224-unit multifamily property in Azle, Texas. The transaction was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Partin Development Group.

The $24,126,900 HUD-insured Section 223(a)(7) financing carries a 40-year term and amortization, along with a low, fixed rate. The property complies with HUD’s Energy Star requirement of a 75 score or higher to achieve a Green Mortgage Insurance Premium (MIP) reduction.

Constructed in 2018, Reata West Apartments features 10 three-story garden-style apartment buildings and 224 one-, two- and three-bedroom units with modern amenities and finishes, full-size in-unit laundry, and private outdoor living space. Residents also enjoy access to the community’s clubhouse and business center; pool, fitness center and outdoor recreational facilities; and dog park, on-site

Read More