Freddie Mac Provides $43.4M Refinance Loan For 300-Unit Multifamily In Pearland, TX

The property involved in this transaction is Avenues at Shadow Creek Ranch, a multi-family apartment complex consisting of 300 units. It is located at 12501 West Broadway Street in Pearland, Texas. The loan amount secured for refinancing this asset is $43,400,000, specifically structured as a seven-year, fixed-rate loan.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $43,400,000
• Address: 12501 West Broadway Street
• Market: Pearland
• Lender: Freddie Mac
• Broker: Greg Duvall - NorthMarq
• Loan Type: Refinance
• Loan Terms: seven-year, fixed-rate loan

Greg Duvall, representing NorthMarq, facilitated the refinancing of the property through Freddie Mac. The identity of the borrower has not been disclosed in this transaction.