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Meridian Capital Group Represents Acquisition Of Multifamily Property On Westheimer Rd In Houston

13328 Westheimer Road
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This MultiFamily property located in TX received a loan of $38,188,000 over 2 years ago. The brokers of the deal were Nina Russo and Jonathan Zilber

The multifamily property located at 13328 Westheimer Rd in Houston was recently involved in a loan transaction. The property consists of 300 units with a total square footage of 280,344.

Summary of transaction details

The loan amount for this transaction was $38,188,000. The loan provided bridge financing with an 80% loan-to-cost ratio. The loan term was structured as 3+1+1, with the first three years having 3.4% interest-only payments.

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Deals
  • Location
    13328 Westheimer Road, Houston, TX 77077, USA13328 Westheimer Road, Houston, TX 77077, USA
  • Loan Value
    $38,188,000$38,188,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Nina Russo

Nina Russo

Deals4
Financed$195.9M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Limekiln Real Estate

Limekiln Real Estate

Lender
Deals5
Volume$ 14.2B

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Deal Summary

LOAN IMAGE: Nina Russo & Jonathan Zilber DATE: 08/27/2021 ADDRESS: 13328 Westheimer Rd MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 300 ~ SF: 280,344 LENDER: Limekiln Real Estate Investment LANDLORD: Ian Djuric BROKERS: Nina Russo (@NinaRosarusso) & Jonathan Zilber - Meridian Capital Group LOAN AMOUNT: $38,188,000 LOAN TYPE: Acquisition LOAN TERMS: Bridge Financing, 80% LTC, 3+1+1 term, 3.4% interest only

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13328 Westheimer Road

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