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Kensington lends a hand to Dallas projects

Dallas-based Kensington Capital has arranged $18 million in financing for three apartment communities in the Dallas/Fort Worth Metroplex that consist of 631 units. Kensington arranged a $7.2 million loan through Washington, D.C.-based Fannie Mae's Delegated Underwriting System (DUS) Adjustable Rate Mortgage program for the Summit Point Apartments in Carrollton, Texas.

The company also arranged $8.9 million in first mortgage financing for Northcrest Apartments, also in Carrollton, as well as Shadywood Apartments in Bedford, Texas. Finally, Kensington arranged $1.7 million in equity financing for the Northcrest and Shadywood complexes. Dallas-based G2 Capital Corp. was the borrower for all three communities.

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