Houston Multifamily

Property Name: Houston Multifamily
Location: Houston, TX
Property Type: Apartment/Multi-Family
Transaction Type: Refinance
Loan Amount: $5,000,000
Details: Q10 KDH Vice President Ryan Watson arranged a $5,000,000 Small Balance Freddie Mac loan on a multifamily property in West Houston. The loan provided a 4.40% fixed rate for 10 years, 3-years of interest only, followed by a 30-year amortization. “The Sponsor is a repeat client of KDH who has extensive experience in multifamily acquisition and rehab. The Small Balance Freddie loan gave him the ability to lock his rate before interest rates began to rise and cash out most of the equity from the extensive rehab. The lender fees were less than $15,000 on the loan which made the transaction even more appealing." - Ryan Watson
More Info: Ryan Watson at 713-871-5858 or contact me