Meridian Capital Group Arranges $30.6M Refinance Loan For The Milo On Westheimer Multifamily Property In Houston

The Milo on Westheimer, located at 13250 Westheimer Rd in Houston, Texas, has recently undergone a refinance transaction. The multifamily property consists of 230 units and is situated in the Houston market. The loan amount for this refinance is $30,600,000. The loan is a bridge loan from Fannie Mae with a 3.6% interest rate and 80% loan-to-cost ratio. The terms of the loan include a three-year term with two one-year extension options.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $30,600,000
• Address: The Milo on Westheimer - 13250 Westheimer Rd
• Market: Houston
• Asset Type: Multifamily
• Units: 230

The refinance transaction of The Milo on Westheimer was facilitated by brokers Hannah Howard and Jonathan Zilber from Meridian Capital Group. They played a crucial role in securing the bridge loan from Fannie Mae. Their expertise in the Houston market contributed to the success of the transaction.