Allen Harrison Refinances 186-Unit Multifamily Property In Houston For $39.5M

7557 Main Street in Houston has recently undergone a refinancing transaction. The property is a multifamily asset with a total of 186 units. The loan, amounting to $39,500,000, was secured to refinance the property. The loan terms include a floating interest rate and an initial term of three years. The transaction was facilitated by JLL broker Mark Brandenburg, who represented Allen Harrison, the landlord of the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $39,500,000
• Units: 186
• Loan Type: Refinance
• Loan Terms: Floating interest rate, initial term of three years
• Landlord: Allen Harrison
• Broker: Mark Brandenburg - JLL

This refinancing deal was successfully executed with the assistance of Mark Brandenburg from JLL. The transaction allows Allen Harrison, the landlord of the multifamily property located at 7557 Main Street in Houston, to optimize their financing structure with a floating interest rate for the initial term of three years.