Updated Jul 1, 2026
DLP Capital Secures $118 Million Refinance From LoanCore Capital For Houston Multifamily Portfolio
920 Westcott Street & 1640 East T C Jester Boulevard
$118,000,000
Units
605
Asset Type
MultiFamily
Closing
Jun 30, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily portfolio located at 920 Westcott Street and 1640 East T C Jester Boulevard in Houston, TX, consisting of 605 units. The transaction is a refinance with a loan amount of $118,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $118,000,000
- Lender: LoanCore Capital
- Landlord: Don Wenner & Harshit Shihara - DLP Capital
- Loan Type: Refinance
- Units: 605
This refinancing deal was facilitated by DLP Capital’s in-house debt placement team, specifically led by Harshit Shihara. The transaction generated $117 million in proceeds at closing, with an additional $1 million reserved for future capital improvements and is projected to lower annual interest expenses by over $1 million while extending the loan term.
On the Map
$118,000,000
MultiFamily
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Players
Westcott MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93