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Performance Properties Secures $20.1M Acquisition Loan For 268-Unit Multifamily In Houston

695 Normandy Street
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This MultiFamily property located in TX received a loan of $20,100,000 over 2 years ago. The broker of the deal was Cutt Ableson

A multifamily property with 268 units located at 695 Normandy St in Houston has been involved in a recent closed transaction. The transaction took place on 09/27/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,100,000
  • Address: 695 Normandy St
  • Market: Houston
  • Lender: Lightstone Capital
  • Borrower: Performance Properties
  • Broker: Cutt Ableson - Berkadia
  • Loan Type: Acquisition

The borrower, Performance Properties, secured a loan amount of $20,100,000 from Lightstone Capital for the acquisition of the multifamily property. Cutt Ableson from Berkadia acted as the broker representing the borrower in this deal.

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Deals
  • Location
    695 Normandy Street, Houston, TX 77015695 Normandy Street, Houston, TX 77015
  • Loan Value
    $20,100,000$20,100,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Cutt Ableson

Cutt Ableson

Deals4
Financed$20.1M

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

Lightstone Capital

Lightstone Capital

Lender
Deals14
Volume$ 8.9B

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Deal Summary

LOAN IMAGE: Cutt Ableson DATE: 09/27/2021 ADDRESS: 695 Normandy St MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 268 LENDER: Lightstone Capital BORROWER: Performance Properties BROKER: Cutt Ableson - Berkadia LOAN AMOUNT: $20,100,000 LOAN TYPE: Acquisition

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695 Normandy Street

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