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3300 Bay Area Boulevard

Don Wenner Of DLP Capital Secures $44.125 Million Refinance Loan From Freddie Mac For Multifamily Asset
FINANCEDMultiFamily

Don Wenner Of DLP Capital Secures $44.125 Million Refinance Loan From Freddie Mac For Multifamily Asset

3300 Bay Area Boulevard

$44,125,000

Building Size

Asset Type

MultiFamily

Closing

Oct 29, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 3300 Bay Area Boulevard in La Porte, comprising 350 units. The transaction features a refinance loan amounting to $44,125,000 with terms set for a duration of 5 years. The lender for this deal is Freddie Mac.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $44,125,000
  • Loan Type: Refinance
  • Loan Terms: 5 years
  • Address: 3300 Bay Area Boulevard
  • Market: La Porte
  • Landlord: Don Wenner - DLP Capital

Key individuals involved in this transaction include Don Wenner, who represents the landlord in the deal through DLP Capital. The involvement of Freddie Mac as the lender is a critical aspect of this refinancing transaction.

Players

Freddie Mac
Freddie MacLender

Don Wenner

Landlord

$103.8M

vol

4 deals

Landlord

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93