PROJECT INFO
CMBS refinance of 1971 vintage 636-unit Class C apartment complex in Houston, TX
FINANCE AMOUNT
$27,500,000
DESCRIPTION
Swap+215bps rate; 210% LTC since 2010 purchase;
67% LTV, 8.5% Debt Yield, 3yrs interest only
Houston, TX
Permanant Financing
Multifamily
Feb' 2019
