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Lorren Capital Secures $4.4 Million Refinance Loan For 72-Unit Multifamily In Iowa Park

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FINANCED
$4,400,000

Texas

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MultiFamily
Financed 04/02/2026
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Property Image
FINANCED

Lorren Capital Secures $4.4 Million Refinance Loan For 72-Unit Multifamily In Iowa Park

1000 Mary Drive

See Similar Deals
MultiFamily
Financed 04/02/2026
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in the transaction is a multifamily asset located at 1000 Mary Drive in Iowa Park. The property comprises 72 units and has a loan amount of $4,400,000 associated with it. The loan type is a refinance with a fixed rate for a term of 5 years, featuring a full term interest-only structure.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,400,000
  • Loan Type: Refinance
  • Loan Terms: 5 Years
  • Lender: John Sloot - Greystone
  • Landlord: Lorren Capital
  • Landlord's Representative: Julie Anne Peterson - Old Capital
  • Note from Lender: 5 Year Fixed Rate, Full Term IO, Greystone Express Execution

The key individuals involved in this transaction include John Sloot, representing Greystone as the lender, and Julie Anne Peterson, who represents Lorren Capital through Old Capital. Their roles were crucial in facilitating the refinance of the property asset. The involvement of both parties underscores the commitment to executing the deal effectively.

Players

Julie Anne Peterson
1 deal$4.4M volume(630) 453-7150
BROKER

John Sloot
Greystone
1 deal$4.4M volume(847) 826-6988
ORIGINATOR

Details

FINANCED
IMAGE: Julie Anne Peterson & John Sloot DATE: 04/02/2026 ADDRESS: 1000 Mary Drive MARKET: Iowa Park ASSET TYPE: Multifamily ~ UNITS: 72 LENDER: John Sloot - Greystone (@Greystonecref) LANDLORD: Lorren Capital LANDLORD'S REP: Julie Anne Peterson - Old Capital LOAN AMOUNT: $4,400,000 LOAN TYPE: Refinance LOAN TERMS: 5 Years NOTE FROM LENDER: 5 Year Fixed Rate, Full Term IO, Greystone Express Execution.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,400,000.00

Monthly NOI$29,333.33
Monthly Debt Service$27,810.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00