Madera Residential Acquires Mixed-Use Property In Houston For $86.3M

The mixed-use property at 811 Town and Country Blvd in Houston has recently been involved in a loan transaction. The borrower, Madera Residential, represented by Dave Gilles, secured a loan from PCCP LLC in the amount of $86,300,000. The property consists of 620 units.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $86,300,000
• Units: 620
• Borrower: Madera Residential - Dave Gilles
• Lender: PCCP LLC

This loan transaction showcases the collaboration between Madera Residential, led by Dave Gilles, and PCCP LLC. The deal enables Madera Residential to further develop and manage the mixed-use property at 811 Town and Country Blvd. The loan amount of $86,300,000 will facilitate the necessary investments, ensuring the property's success in the market.