Performance Properties Secures $20.1M Acquisition Loan For 268-Unit Multifamily In Houston

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.