{"id":309560,"date":"2026-10-19T00:22:24","date_gmt":"2026-10-19T00:22:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/309560\/"},"modified":"2026-10-19T00:22:24","modified_gmt":"2026-10-19T00:22:24","slug":"smbc-refis-apartments-near-dallas-philly-with-108m-loan-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/309560\/","title":{"rendered":"SMBC Refis Apartments Near Dallas, Philly With $108M Loan \u2013 Commercial Observer"},"content":{"rendered":"

The Philadelphia Eagles and Dallas Cowboys are longtime fierce rivals in the National Football League\u2019s NFC East, but the two markets have a common link in one of commercial real estate\u2019s latest multifamily financings.\u00a0<\/p>\n

Ares Real Estate<\/a> has inked a $107.5 million loan to refinance an apartment portfolio in the Dallas-Fort Worth and Philadelphia areas that together include nearly 600 units, Commercial Observer can first report.<\/p>\n

SEE ALSO: Sunday Summary: Oh Me, Oh Moinian!<\/a><\/p>\n

Sumitomo Mitsui Banking Corporation<\/a> (SMBC)\u00a0 provided the loan for Ares\u2019 Axis 110 property in Richardson, Texas, and for Skye 750 in King of Prussia, Pa.<\/p>\n

CBRE<\/a> arranged the transaction with a global institutional debt advisory group consisting of Tom Traynor, Tom Rugg, Peter Griesinger, Arman Samouk and Kayla Kaloostian.\u00a0<\/p>\n

The 2017-built Axis 110 at 110 W CityLine Drive in Richardson has 351 apartments next to the Dallas Area Rapid Transit CityLine Station. Resident amenities include a swimming pool, a skyline terrace, a fitness center and 8,110 square feet of ground-floor retail.<\/p>\n

Skye 750, at 750 Moore Road 20 miles northwest from Philadelphia, was completed in 2019 with 248 units. Its amenities include a swimming pool, a fire pit, a dog park, coworking space, a health club and a sauna.<\/p>\n

SMBC did not immediately return a request for comment. Ares declined to comment\u00a0<\/p>\n

Andrew Coen can be reached at acoen@commercialobserver.com<\/a>.\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The Philadelphia Eagles and Dallas Cowboys are longtime fierce rivals in the National Football League\u2019s NFC East, but…\n","protected":false},"author":2,"featured_media":309561,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[126735,126736,126737,69,71,70,126738,126739],"class_list":["post-309560","post","type-post","status-publish","format-standard","has-post-thumbnail","category-philadelphia","tag-arman-samouk","tag-kayla-kaloostian","tag-peter-griesinger","tag-philadelphia","tag-philadelphia-headlines","tag-philadelphia-news","tag-tom-rugg","tag-tom-traynor"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/309560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=309560"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/309560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/309561"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=309560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=309560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=309560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}