Talos Holdings LLC, a Scottsdale-based real estate development firm, has gained quite a bit of momentum in the industry for their efforts in improving the value and quality of living across the country, and there is no stopping it. Talos Holdings LLC is all set to introduce new projects.
More recently, an affiliate of Talos Holdings LLC was able to acquire a loan in the neighborhood of $38 Million for financing a multifamily property in Navarre, Florida. The project in question involves The Sound, which is a recently constructed multifamily property that is based across four buildings. The overall living space is in excess of 220,000 sq ft. and the project is designed with an emphasis on organic, garden-like designs and living.
The loan was made possible with the cooperation of Hunt Real Estate, which is a New York-Based Investment Management, Property Management, and Real Estate Financing firm. Referring to the deal, Chad Hagwood, Senior Managing Director, stated:
“The borrower has more than 30 years of experience as a multifamily owner/operator, and I have worked with him personally on several agency loans over the years,”
He then added;
“He has overseen the development, renovation, and acquisition of over 5,000 multifamily units, along with 2.5 million square feet of retail space.”
In addition, Chairman and President of Talos Holdings, John K. McWilliams, Jr., remarked;
“It’s been a great pleasure working with Hunt,”
“Their team is professional and worked quickly to provide streamlined and on-time financing, two things that are important to borrowers such as ourselves.”
Chad Hagwood then stated;
“Hunt Real Estate Capital is very pleased to provide financing for this community located in ‘Florida’s best-kept secret,’ Navarre Beach. The owner has done a tremendous job with this development and property operations,”
“Through our partnership with Freddie Mac, we secured very solid loan terms and closed the deal on time and as advertised.”
In Fort Worth, Talos Holdings LLC had announced the construction of a 300-unit multifamily community, known as The View. The property is located near Interstate 35 and was subject to completion in late 2018. Amenities being offered to residents include a fitness center, Gaming Room, and Pet Park.