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

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.