Team

Vice President

Larry Peters Jr. is a Vice President in the Houston office of Q10 | Kinghorn, Driver, Hough & Co. He has 35 years of experience in commercial real estate including loan originations, investments sales, loan sales, loan servicing, and joint venture/equity transactions.  Through the course of his career, Larry has attained a national experience in underwriting and originating debt for a wide range of income producing properties including; multifamily, industrial, office, retail, medical office, hospitality, self-storage and manufactured housing. With an emphasis on meeting the clients needs, a wide range of debt sources has been accessed including portfolio, lender, agency, lending and CMBS.

Prior to his mortgage banking career he was a Senior Vice President with a regional appraisal/consulting firm and was responsible for the production, and oversight with the Commercial Appraisal division. Mr. Peters began his career at a national brokerage firm where his focus was on the sale of income producing real estate to high net worth individuals and institutions.

Mr. Peters received a B.B.A in finance from the University of Texas in Austin and has continued his education through the Appraisal Institute of Real Estate.

 

Contact Larry E. at 713-871-5812 or peters@q10kdhco.com


Deals

Property Name: Multifamily Property Near Texas A&M University
Location: College Station, TX
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: Undisclosed
Details: Vice President of Q10 KDH, Larry Peters, worked with an Agency lender to arrange floating rate financing for a 144 unit multi-family property in College Station, TX. This is the second multi-family loan in College Station financed by Mr. Peters in the last two months. The property has a mix of student and non-student residents and caters to a roommate situation, as the asset offers mostly large 2BR/2BA units. With an interest rate in the mid 3’s, and a 30 year amortization as well as an interest only component, the increased cash over the prior debt is significant. This type of debt also allows for an easy exit with a very low prepayment option.
More Info: Larry Peters at 713-871-5812 or contact me

Property Name: Gilbert House Apartments
Location: Porter, TX
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: Undisclosed
Details: “In this rising interest rate environment, the borrower was looking to fix his interest rate for a 10-year term. At a rate of 4.16%, we were able to accomplish the borrower’s needs as well as provide a 30-year amortization with two years of interest only. This was a small loan but just as important as a larger loan for our Q10 KDH Team. We value each client as if they are our only client.” - Larry Peters 
More Info: Larry Peters at 713-871-5812 or contact me

Property Name: Forth Worth Multifamily
Location: Forth Worth, TX
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: Undisclosed
Details: Q10 KDH Vice President Larry Peters arranged permanent financing for a multifamily property in Fort Worth, Texas. The property contains 185,500 NRSF and includes 240 units. Financing was provided with a 3.1% interest rate and a 7-year term and 30-year amortization with two years of interest only. "The client was looking to return cash to the partners and be released from the personal recourse on the existing debt. This low rate loan not only accomplished that but increased the monthly cash flow with the attractive rate and interest only component. Considering their short term of ownership, the partners were satisfied with the execution and are looking to repeat the process with other assets in their portfolio." – Larry Peters 
More Info: Larry Peters at 713-871-5812 or contact me

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

Property Name: DFW Multifamily
Location: Dallas Fort Worth, TX
Property Type: Apartment/Multi-Family
Transaction Type: Refinance
Loan Amount: $11,800,000
Details: “Our client was looking to return equity to their partners after upgrading and stabilizing the asset. We provided an interim loan with interest only and a 30-year amortization at a rate just above 3%. The non-recourse debt not only returned equity but allowed the client to free up their balance sheet while providing more cash flow to the bottom line.”
More Info: Larry Peters at 713-871-5812 or contact me

Property Name: West Texas Multifamily
Location: Houston, TX
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: $6,500,000
Details: “Our repeat client was looking to utilize their captured equity to upgrade the property’s exterior and interiors. We provided a 12-year fixed rate non-recourse loan that featured 5-years of interest only with a 30-year amortization. This new loan will allow the borrower to better address its future fixed and variable expenses and increase value by enhancing the assets net effective rents and ultimately net income. This process was enabled by choosing a reputable and knowledgeable lender who was familiar with the strength of the market and was able to recognize the sponsor's plan of enhancing cash flow.”
More Info: Larry Peters at 713-871-5812 or contact me

Property Name: Woodlands Business Park
Location: Houston, TX
Property Type: Mixed Use
Transaction Type: Acquisition Financing
Loan Amount: Undisclosed
Details: "Our assignment was to refinance a maturing loan and return cash to the borrower after recent property upgrades and lease-up. The owners were also looking to fix the interest rate for a 10-year term but wanted flexible prepayment unlike yield maintenance or defeasance that the typical CMBS lender provides. After accessing multiple sources on the borrowers behalf, we were successful in securing the loan from one of our correspondent life insurance companies. Even with several oil related tenants and less than stable operating history for the property, we were able to secure what I believe is a very attractive loan in the low 4% range."
More Info: Larry Peters at 713-871-5812 or contact me

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