Truist Financial Corporation (NYSE: TFC), the result of the historic merger of equals between BB&T and SunTrust, announced today that Evan Hom, managing director in Truist CRE’s New York office, originated a $39.149 million Fannie Mae loan for the acquisition of Reserve At White Rock, a “Class A” 312-unit multifamily property located in Dallas, Texas The sponsor is a New York-based private equity firm. The transaction closed on November 26.

Hom originated a 10-year term loan with four-years interest only followed by a 30-year amortization schedule for Reserve At White Rock. The property was built in 2000 across two phases. The property was 95 percent occupied at time of close.

“This was a complex transaction with many moving parts and deadlines,” said Hom. “We were able to secure the best financing possible due to the outstanding teamwork between the borrower, Fannie Mae and the deal team at Truist. All parties worked together to provide a perfectly tailored solution for this acquisition.”

About Truist

Truist Financial Corporation (NYSE: TFC) is a purpose-driven company dedicated to building a better future for its clients, teammates and communities. With 275 years of combined BB&T and SunTrust history, Truist is one of the nation’s largest financial services holding companies offering a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered in Charlotte, North Carolina, Truist serves approximately 10 million households with leading market share in many high-growth markets in the country. Learn more at Truist.com.