Lynd Company Secures $32.3M Loan For Valley Multifamily From Lument

The Villas at Valley Ranch is a 312-unit apartment community in Porter, Texas. Lument has provided a $32.3 million bridge loan for the acquisition of this property. The units consist of one- and two-bedroom floor plans, and the community amenities include a pool, clubhouse, fitness center, conference room, and a theater room.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $32,299,999.00
• Address: 21899 Valley Ranch Crossing Dr, Porter, Texas
• Market: Valley
• Lender's Rep: Managing Director (Lument)
• Borrower: Lynd Company

Marc Suarez of Lument led the transaction on behalf of the borrower, San Antonio-based investment firm LYND Co. The loan carried a fixed interest rate with a three-year term. A portion of the loan proceeds will be utilized by LYND Co. for capital improvements.