Houston Apartments

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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
Houston, TX
Permanant Financing
Multifamily
2020