Houston Multifamily

Property Name: Houston Multifamily
Location: Houston, TX
Property Type: Apartment/Multi-Family
Transaction Type: Refinance
Loan Amount: $11,500,000
Details: Q10 KDH Vice President Ryan Watson arranged $11,500,000 in financing for a multifamily property through Fannie Mae. The property is located in Houston, Texas and includes 350 units. Fannie Mae was able to give the borrower a 4.6% rate for 10 years, 2 years of interest only, followed by a 30-year amortization. “The Fannie Mae lender offered incredible execution on the property. Given the rehab program was undertaken by the owner, Q10 KDH was able to convey this and offer the client all of their initial equity back in less than 18 months.”  - Ryan Watson 
More Info: Ryan Watson at 713-871-5858 or contact me