NorthMarq Provides $10.6M Loan For Multifamily Property In Houston

The multifamily property located at 4700 S Kirkwood Rd in Houston was recently involved in a closed transaction. The property consists of 316 units and was sold for an undisclosed amount. The deal was facilitated by Travis Fite from northmarq''>northmarq'>NorthMarq.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Date: 05/28/2021
• Address: 4700 S Kirkwood Rd, Houston
• Market: Houston
• Units: 316
• Lender: NorthMarq
• Loan Amount: $10,600,000
• Loan Terms: 10-year term and a 30-year amortization schedule

In this transaction, Travis Fite from NorthMarq acted as the lender. The loan, amounting to $10,600,000, has a 10-year term and a 30-year amortization schedule. The involvement of key individuals and companies like Travis Fite and NorthMarq played a crucial role in enabling this deal to take place.