Transcontinental Realty Investors Inc. and Abode Properties Refinance Sawgrass Creek Apartments in New Port Richey, Florida

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Apr 27, 2020
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Transcontinental Realty Investors Inc., (NYSE: TCI) Southern Properties Capital, and Abode Properties announce successful refinance of Class A asset Sawgrass Creek apartments in New Port Richey, Florida. Berkeley Point Capital LLC originated the refinance with the loan insured by Freddie Mac. Due to mature in June, the new loan is for 7 years and the London Inter-bank Offered Rate reduced from + 3% down to + 2.31%.