Updated Sep 18, 2026
$52 Million Refinance Loan Secured By Stender Sweeney & Jeffrey Shepherd For Houston Multifamily
$52,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in Houston, TX. The property’s transaction features a loan for refinance purposes.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $52,000,000
- Lender: Stender Sweeney & Jeffrey Shepherd - NewBridge Lending
- Landlord's Representative: Ben Himmel & Chaim Sherwinter - Meridian Capital Group
- Loan Type: Refinance
This refinancing deal is represented by Stender Sweeney and Jeffrey Shepherd, who are associated with NewBridge Lending, acting as the lenders. The landlord's representatives, Ben Himmel and Chaim Sherwinter, are with Meridian Capital Group, facilitating the transaction on behalf of the landlord.
Players
Market 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93