Tides at Whispering Hills Apartments Foreclosure
Dallas faces another multi-family community foreclosure! Too much debt has become strapped to these communities. Debt that was acquired at floating rates when rates were far lower. As a result, cash flows simply can’t cover servicing and landlords are losing their shirt!
518 apartments up for foreclosure in Dallas today.
Tides at Whispering Hills
– 314 units
-1982 vintage
Tides on Lawler East
-204 units
-1981 vintage
Both properties built in the 1980s.
