Two Multifamily Properties Financed

Property Name: Two Multifamily Properties Financed
Location: Houston, TX
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: $15,000,000
Details: “The borrower was looking to pull cash out and pay off existing bank debt as well as their partners. KDH was able to secure their request for two loans with seven-year terms priced in the low 3% range. The loan terms improved from there as a significant interest only period was provided, flexible prepayment and each loan was non-recourse. B Class assets like these continue to see good demand as affordable, and safe housing remains difficult to find. With A Class units seeing a dip in occupancy, we were able to educate the lender about why they should continue to be aggressive in pursuing assets such as these.” – Larry Peters
More Info: Larry Peters at 713-871-5812 or contact me