Performance Properties Secures $20.1M Acquisition Loan For 268-Unit Multifamily In Houston | 695 Normandy Street | Lightstone Capital | Cutt Ableson | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

942 sqft

A multifamily property with 268 units located at 695 Normandy St in Houston has been involved in a recent closed transaction. The transaction took place on 09/27/2021.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $20,100,000
Address: 695 Normandy St
Market: Houston
Lender: Lightstone Capital
Borrower: Performance Properties
Broker: Cutt Ableson - Berkadia
Loan Type: Acquisition

The borrower, Performance Properties, secured a loan amount of $20,100,000 from Lightstone Capital for the acquisition of the multifamily property. Cutt Ableson from Berkadia acted as the broker representing the borrower in this deal.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Cutt Ableson

Senior Managing Director

Berkadia

Lightstone Capital

Details

Deal Summary

FINANCED

IMAGE: Cutt Ableson DATE: 09/27/2021 ADDRESS: 695 Normandy St MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 268 LENDER: Lightstone Capital BORROWER: Performance Properties BROKER: Cutt Ableson - Berkadia LOAN AMOUNT: $20,100,000 LOAN TYPE: Acquisition

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Address695 Normandy Street

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