Marcus & Millichap Capital Corporation Arranges $6.15M Loan For Turtle Creek And Amigos Del Sol Multifamily Units In Houston And El Paso

The closed property transaction involved a multifamily asset located at 2800 W T C Jester Blvd & 10009 Rushing Rd, in the markets of Houston and El Paso. The property consists of 147 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,150,000
• Loan Terms for Turtle Creek: A seven-year permanent loan with an interest rate of 3.43 percent and an interest-only term of two years
• Loan Terms for Amigos del Sol: A seven-year permanent loan with an interest rate of 3.53 percent and an interest-only term of two years

The deal was facilitated by Phillip Gause of Marcus & Millichap Capital Corporation.