Don Wenner Of DLP Capital Secures $44.125 Million Refinance Loan From Freddie Mac For Multifamily Asset
FINANCED
$44,125,000
Texas
See Similar DealsMultiFamily
Financed 10/30/2025
FINANCED
Don Wenner Of DLP Capital Secures $44.125 Million Refinance Loan From Freddie Mac For Multifamily Asset
3300 Bay Area Boulevard
See Similar DealsMultiFamily
Financed 10/30/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$44,125,000.00
Monthly NOI$294,166.67
Monthly Debt Service$278,900.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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