Max Chera And David Chera Of Express Capital Financing Provide $7.98M Refinance For Houston Development

The asset involved in this transaction is a development site located in Houston's Southbelt-Ellington area. The financing provided is in the form of a refinance loan amounting to $7,980,000, aimed at supporting the construction of a project featuring 20 duplexes, demonstrating a loan-to-cost ratio of 91.4%.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,980,000
• Lender: Max Chera & David Chera - Express Capital Financing
• Originator: Isaac Antar - Express Capital Financing
• Loan Type: Refinance
• Loan Terms: 18 Months

This transaction highlights the efforts of Express Capital Financing, which provided swift funding solutions after another lender could not meet the required leverage. The team, including Max Chera, David Chera, and Isaac Antar, facilitated flexible terms and fast approvals while guiding the sponsor through the complexities of the deal.