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
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