Updated Sep 3, 2026
NewBridge Lending Secures $33,000,000 Refinance Loan For MultiFamily Property In Houston
13115 Whittington Drive
$33,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 31, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily asset located at 13115 Whittington Drive in Houston, TX. The loan amount secured for this property is $33,000,000, and it represents a refinance transaction.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $33,000,000
- Lender: NewBridge Lending
- Lender's Representatives: Stender Sweeney and Jeffrey Shepherd
- Landlord's Representative: Ben Himmel - Meridian Capital Group
- Loan Type: Refinance
- Date of Transaction: 08/31/2026
The key individuals involved in this transaction include Stender Sweeney and Jeffrey Shepherd, who represent NewBridge Lending, and Ben Himmel, acting on behalf of Meridian Capital Group as the landlord's representative. Their roles facilitate the successful completion of the refinancing process for the MultiFamily asset.
On the Map
$33,000,000
MultiFamily
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Players
Houston 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93