Class B Multifamily

Property Name: Class B Multifamily
Location: Houston, TX
Property Type: Apartment/Multi-Family
Transaction Type: Acquisition Financing
Loan Amount: Undisclosed
Details: Q10 KDH Co. VP Larry Peters arranged permanent financing for a Class B, 160 unit multifamily property. This newly renovated property includes upgraded interiors, large walk-in closets, a clothes care center, large swimming pool, and fireplaces in select units. “Our repeat client was looking to take away the risk of future interest rate hikes and refinanced this Legacy Asset on a long term basis. We secured a loan with a 12-year term, five years of Interest Only and a 30-year amortization. This non-recourse debt removed the personal recourse from their balance sheet and put them in a position to enjoy increased cash flow over their expected hold.” - Larry Peters
More Info: Larry Peters at 713-871-5812 or contact me