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
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