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TR Hazelrigg Of Avatar Financial Group Provides $7.3M Bridge Loan For Houston Multifamily Properties

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FINANCED
$7,300,000

Texas

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MultiFamily
Financed 08/06/2025
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FINANCED

TR Hazelrigg Of Avatar Financial Group Provides $7.3M Bridge Loan For Houston Multifamily Properties

601 West Donovan Street & 4411 Fulton Street

See Similar Deals
MultiFamily
Financed 08/06/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The transaction involved two garden-style multifamily properties located at 601 West Donovan Street and 4411 Fulton Street in Houston, comprising a total of 138 units—78 units in Donovan Village and 60 units in Station Apartments. The bridge loan provided for refinancing amounted to $7,300,000, with a two-year term issued at a 70% loan-to-value ratio.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $7,300,000
  • Lender: TR Hazelrigg - Avatar Financial Group
  • Loan Type: Bridge
  • Loan Terms: two-year
  • Units: 138
  • Address: 601 West Donovan Street & 4411 Fulton Street
  • Market: Houston

TR Hazelrigg represented Avatar Financial Group in providing the loan to refinance the properties. The borrower involved in this transaction was undisclosed.

Players

TR Hazelrigg
Avatar Financial Group
TR Hazelrigg
4 deals$25.7M volume
LENDER
Avatar Financial Group
Avatar Financial Group
LENDER

Details

FINANCED
IMAGE: TR Hazelrigg DATE: 08/06/2025 ADDRESS: 601 West Donovan Street & 4411 Fulton Street MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 138 LENDER: TR Hazelrigg (@TRHaz) - Avatar Financial Group LOAN AMOUNT: $7,300,000 LOAN TYPE: Bridge LOAN TERMS: two-year NOTE: Avatar Financial Group provided a $7.3M bridge loan to refinance two garden-style multifamily properties in Houston: the 78-unit Donovan Village and 60-unit Station Apartments. The two-year loan was issued at a 70% loan-to-value ratio; the borrower was undisclosed.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,300,000.00

Monthly NOI$48,666.67
Monthly Debt Service$46,140.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00