NorthMarq Brokers $32M Refinance Loan For 500-unit Multifamily Property In Houston

1776 Gessner Road

MultiFamily

850 SF

Financed 1 year ago

Summary

Loan

TEXAS

MultiFamily

850 sqft

NorthMarq brokered a refinancing deal for a multifamily property located at 1776 Gessner Road in Houston. The property consists of 500 units and was involved in a closed transaction on 08/06/2021. The loan amount for the deal was $32,000,000. The loan is a fixed-rate loan with a seven-year term and two years of interest-only payments. The loan has a 25-year amortization schedule.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $32,000,000
Address: 1776 Gessner Road
Market: Houston
Units: 500

Jeffrey Weidell provided an image for the transaction, which can be found on Instagram at this link.

Details

Deal Summary

FINANCED

IMAGE: Jeffrey Weidell DATE: 08/06/2021 ADDRESS: 1776 Gessner Road MARKET: Houston ASSET TYPE: Multifamily UNITS: 500 BROKER: NorthMarq LOAN AMOUNT: $32,000,000 LOAN TYPE: Refinance LOAN TERM: fixed-rate loan, seven-year term and two years of interest-only, 25-year amortization schedule

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Address1776 Gessner Road

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