Verus Capital And Capital Fund I Close $18 Million Refinance For 144-Unit Multifamily In Conroe

The asset involved in this transaction is a multifamily property located at 15488 Pin Oak in Conroe, Texas. This property consists of 144 units and has a loan amount of $18,000,000, which was secured through a refinance with terms set for 12 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Loan Type: Refinance
• Loan Terms: 12 Months
• Units: 144
• Lender: Verus Capital & Capital Fund I
• Landlord: Karthik Bala
• Broker: Beth Mercante

Key players in this transaction include the lenders Verus Capital and Capital Fund I, who facilitated the refinancing to support the development of the 144-unit multifamily project. The landlord for the property is Karthik Bala, while the broker representing the transaction is Beth Mercante.