Updated Oct 16, 2025
Gantry Secures $9.35M Loan To Refinance Memorial Towers Apartments In Houston
5400 Memorial Drive
$9,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 10, 2025
About this deal
AI
The property involved in the transaction is the Memorial Towers apartments located at 5400 Memorial Drive in Houston. It is a recently renovated multi-family asset with a loan amount of $9,350,000 secured for refinancing purposes.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,350,000
- Loan Terms: 10-year loan
- Market: Houston
- Brokers: Jeff Matlock, Joe Foley & Claire Jones - Gantry
Gantry played a significant role in this transaction by securing the permanent loan through a regional bank. The loan features cash-out options and flexible prepayment terms, and was arranged by Jeff Matlock’s team for a private borrower.
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
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93