Freddie Mac Provides $25.2 Million Loan For Waterstone At Cinco Ranch Multifamily In Katy

The property involved in this transaction is Waterstone at Cinco Ranch, a multifamily apartment complex located at 6855 South Mason Road in Katy, Texas. The asset comprises a total of 206 units, highlighting its capacity as a sizable residential facility. The property has a loan amount of $25,200,000, which reflects its significant value in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,200,000
• Loan Terms: Seven-year, fixed-rate
• Lender: Freddie Mac
• Broker: Greg Duvall - NorthMarq

The financing was facilitated by Greg Duvall of NorthMarq, who originated the loan specifically for the refinancing of the property. The identity of the borrower involved in this transaction has not been disclosed.