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

Property Image
FINANCED
$7,980,000
David Chera
Max Chera

Texas

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Development Site
Financed 10/31/2025
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Property Image
FINANCED

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

Development Site
Financed 10/31/2025
David Chera
Max Chera
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Development Site
Transaction Type:Loan

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.

Players

David Chera
Express Capital Financing
David Chera
2 deals$11.8M volume
LENDER
Max Chera
Express Capital Financing
Max Chera
1 deal$8M volume
LENDER
Express Capital Financing
Express Capital Financing
LENDER

Details

FINANCED
IMAGE: Max Chera, David Chera & Isaac Antar DATE: 10/31/2025 MARKET: Houston ASSET TYPE: Development Site LENDER: Max Chera (@MaxChera) & David Chera (@DavidChera) - Express Capital Financing (@ExpressCapitalFinancing) ORIGINATOR: Isaac Antar - Express Capital Financing LOAN AMOUNT: $7,980,000 LOAN TYPE: Refinance LOAN TERMS: 18 Months NOTE FROM LENDER: Another big win in Houston’s Southbelt-Ellington area! 🎉 Express Capital Financing just funded a $7.98MM ground-up development featuring 20 duplexes — at an impressive 91.4% LTC. The sponsor came to us after another lender couldn’t get it done at the leverage they needed. We moved quickly with flexible terms, fast approvals, and hands-on guidance through the deal’s complexities. Proud to support projects that highlight what Express Capital Financing does best: ground-up development with real flexibility and real execution. Call us at 718-285-0806 to fund your next deal.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,980,000.00

Monthly NOI$53,200.00
Monthly Debt Service$50,439.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00