Knightvest Capital Secures $81M Refinance Loan From Mesa West Capital For Multifamily Asset In Houston

The transaction involves a refinance loan for Domain Memorial, a multifamily asset located at 14800 Memorial Drive in the Houston market. This property features 313 townhome units and was acquired by the landlord in 2022. Currently, it boasts a 95.2% occupancy rate following previous upgrades to amenities, parking, and EV charging capabilities.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $81,000,000
• Lender: Brian Hirsh - Mesa West Capital
• Landlord: David Moore - Knightvest Capital
• Loan Type: Refinance
• Loan Terms: five-year, floating-rate
• Units: 313
• Market: Houston

Brian Hirsh from Mesa West Capital represents the lender in this transaction. The loan secured by Knightvest Capital aims to fund interior renovations for the property, enhancing its value and attractive features in the competitive Houston rental market.