Matt Greer Of Newmark Facilitates $54.8M Loan On Commercial Property In Houston

The Nob Hill Apartments, located at 5410 N Braeswood Blvd in Houston, TX, received a $54.8 million Freddie Mac loan for refinancing. The property consists of a 1,326-unit workforce housing complex built in four phases starting in 1967. Recently, Steadfast Cos. conducted a value-add renovation that included upgrades such as shaker-style cabinets, granite-style countertops, and modern appliances. The community features amenities like nine pools, courtyards, a business center, and a clubhouse.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $54,800,000.00
• Market: Houston
• Borrower's Rep: Matt Greer (Newmark)
• Lender: Unknown Correspondent life insurance company

Matt Greer of Newmark Knight Frank (NKF) served as the borrower's representative in securing the loan for Nob Hill Apartments. The specific life insurance company providing the financing remains undisclosed in the transaction details.