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
Location: Houston, TX
Deal Type: Permanant Financing
Property Type: Multifamily
Year: Feb' 2019