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NorthMarq Provides $10.6M Loan For Multifamily Property In Houston

4700 South Kirkwood Road
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This MultiFamily property located in TX received a loan of $10,600,000 almost 4 years ago. The broker of the deal was Travis Fite

The multifamily property located at 4700 S Kirkwood Rd in Houston was recently involved in a closed transaction. The property consists of 316 units and was sold for an undisclosed amount. The deal was facilitated by Travis Fite from northmarq''>northmarq'>NorthMarq.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Date: 05/28/2021
  • Address: 4700 S Kirkwood Rd, Houston
  • Market: Houston
  • Units: 316
  • Lender: NorthMarq
  • Loan Amount: $10,600,000
  • Loan Terms: 10-year term and a 30-year amortization schedule

In this transaction, Travis Fite from NorthMarq acted as the lender. The loan, amounting to $10,600,000, has a 10-year term and a 30-year amortization schedule. The involvement of key individuals and companies like Travis Fite and NorthMarq played a crucial role in enabling this deal to take place.

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Deals
  • Location
    4700 South Kirkwood Road, Houston, TX 770724700 South Kirkwood Road, Houston, TX 77072
  • Loan Value
    $10,600,000$10,600,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Travis Fite

Travis Fite

Deals3
Financed$27.8M

Agency

NorthMarq

NorthMarq

Agency
Deals467
Volume$21.6B

NorthMarq

NorthMarq

Lender
Deals13
Volume$ 1.6B

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Deal Summary

LOAN IMAGE: Travis Fite DATE: 05/28/2021 ADDRESS: 4700 S Kirkwood Rd MARKET: Houston ASSET TYPE: Multifamily UNITS: 316 LENDER: NorthMarq - Travis Fite LOAN AMOUNT: $10,600,000 LOAN TERMS: 10-year term and a 30-year amortization schedule

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4700 South Kirkwood Road

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