DFW: $47M finances The Bluffs at Iron Horse, Stone Villas

NORTH RICHLAND HILLS, FORT WORTH – Dallas-based Oxford Enterprises Inc., a privately held real estate investment firm, has received $46.7 million in financing for the purchase of two North Texas apartment properties.

The apartment complexes — The Bluffs at Iron Horse in North Richland Hills and Stone Villas in northwest Fort Worth — total 886 homes and were purchased by the new owner in two separate transactions.

Oxford financed The Bluffs with a $34.7 million loan through M&T Realty Capital Corp. The company financed Stone Villas with a $12 million loan through M&T Bank.

The Bluffs at Iron Horse, a 490-unit community located at 6100 Browning Dr. in North Richland Hills, offers one-, two- and three-bedroom units ranging from 667 sf to 1,295 sf.

Stone Villas is a 396-unit community located at 1501 Westpark View Dr. in Fort Worth and offers one-, two-, and three-bedroom units that range from 669 sf to 1,308 sf.