CBRE Global Investors Provides $67M Floating-Rate Loan For Houston Multifamily Acquisition

An multifamily property consisting of 432 units located at 2727 Revere Street in Houston recently closed on a loan deal. The property, owned by Madera Residential, secured a floating-rate loan in the amount of $67,000,000 for an initial term of three years. CBRE Global Investors, represented by Charles Kim, acted as the lender's representative in the transaction. Newmark, represented by Purvesh Gosalia and Kevin Amend, served as the landlord's representative.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $67,000,000
• Address: 2727 Revere Street
• Market: Houston
• Units: 432

The loan transaction for the multifamily property at 2727 Revere Street marks a significant milestone for both the landlord, Madera Residential, and the lender, CBRE Global Investors. Charles Kim of CBRE Global Investors played a crucial role as the lender's representative, ensuring the successful completion of the deal. Purvesh Gosalia and Kevin Amend of Newmark, acting as the landlord's representatives, also contributed their expertise to the transaction.