Orion Real Estate Capital Secures $40M Loan For Magnolia Multifamily Property

The multifamily property located at 10333 Research Forest Drive in Magnolia was recently involved in a closed transaction. The property spans approximately 286,800 square feet and consists of 324 units. Situated on 12.5 acres, this asset attracted attention in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Address: 10333 Research Forest Drive
• Market: Magnolia

The borrower in this transaction was Orion Real Estate Capital, while the lender involved was Harbor Group International. Newmark represented both parties in the deal, with Thomas Alleman, Zack Springer, David Mitchell, Henry Stimler, Bill Weber, Ari Schwartzbard, and Clifford Welden acting as brokers.

This transaction highlights the collaboration among key individuals and companies, including representatives from Orion Real Estate Capital, Harbor Group International, and Newmark. The successful completion of this deal demonstrates the expertise and professionalism of the parties involved.