Press Releases
Marcus & Millichap Arranges Sale and Financing of 80-Unit Multifamily Property in Dallas
November 25, 2025
DALLAS, Nov. 25, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Lakedale, an 80-unit multifamily property in Dallas, Texas. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured the financing.
“This was a rare opportunity to acquire a distressed property from a very long-term owner who had self-managed for decades, which required a bridge loan to complete the purchase,” said Bard Hoover, senior managing director. “Bachman Lake is a very strong submarket, with neighboring properties operating in the low 90% occupancy range.”
Hoover and Nick Fluellen, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, Yilmaz Family Trust, and procured the buyer, Evan Reifman. John Brickson, managing director in the firm’s Dallas office, secured 3-year financing at 80% loan-to-value with a national bank. “Given the upside in the cash flows, we were able to secure high leverage, non-recourse financing with a competitive rate,” said Brickson.
Located at 2921 Kendale Dr, Lakedale offers a mix of studio, one-, two- and three-bedroom floor plans across 63,557 square feet. Built in 1974, the property is situated on 2.57 acres near Interstate 35.
“This was a rare opportunity to acquire a distressed property from a very long-term owner who had self-managed for decades, which required a bridge loan to complete the purchase,” said Bard Hoover, senior managing director. “Bachman Lake is a very strong submarket, with neighboring properties operating in the low 90% occupancy range.”
Hoover and Nick Fluellen, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, Yilmaz Family Trust, and procured the buyer, Evan Reifman. John Brickson, managing director in the firm’s Dallas office, secured 3-year financing at 80% loan-to-value with a national bank. “Given the upside in the cash flows, we were able to secure high leverage, non-recourse financing with a competitive rate,” said Brickson.
Located at 2921 Kendale Dr, Lakedale offers a mix of studio, one-, two- and three-bedroom floor plans across 63,557 square feet. Built in 1974, the property is situated on 2.57 acres near Interstate 35.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
