Marcus & Millichap Facilitates $10.5M Refinance Loan For Houston Multifamily | 7245 Hillcroft Avenue | Adam Pike, Brad Korndorffer | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

177,214 sqft

The property involved in this transaction is located at 7245 Hillcroft Avenue in Houston. It is a multifamily asset with 206 units and a total area of 177,214 square feet.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $10,500,000
Loan Type: Refinance
Loan Terms: 6.25%, 12 months IO, 25 year amortization, no prepayment penalty

The brokers involved in this deal are Adam Pike and Brad Korndorffer from Marcus & Millichap. They represented the parties in this transaction.

Players

All
3

Agents
2
Agencies
1

Details

Deal Summary

FINANCED

IMAGE: Adam Pike & Brad Korndorffer DATE: 05/03/2023 ADDRESS: 7245 Hillcroft Avenue MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 206 ~ SF: 177,214 BROKER: Adam Pike & Brad Korndorffer - Marcus & Millichap LOAN AMOUNT: $10,500,000 LOAN TYPE: Refinance LOAN TERMS: 6.25%, 12 months IO, 25 year amortization, no prepayment penalty

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Address7245 Hillcroft Avenue

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