PROJECT INFO

Bank refinancing of 780 apartment units in Houston, TX

Finance Amount: $29,000,000

DESCRIPTION

Closed During Covid-19. Non-recourse; 10 year term, 1.4x DCR, 65% LTV; convert recourse bridge loan to non-recourse perm-relationship deal
Location: Houston, TX
Deal Type: Permanant Financing
Property Type: Multifamily
Year: 2020