Westdale Receives $115M Loan for Refinancing of Texas Office, Multifamily Portfolio

Dallas-based Westdale Real Estate Investment & Management has secured a $115 million loan to refinance a portfolio of three commercial properties in Texas. The portfolio includes Epic I, a 282,873-square-foot office building in Dallas; Colonnade, a 168,255-square-foot office building in San Antonio; and Woodmeade, a 304-unit multifamily property in Irving. The five-year loan features a fixed interest rate of 7.11 percent and a 70 percent loan-to-value ratio, sourced by Giryes Capital Group through Pando Cos.