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Orion Real Estate Capital Secures $40M Loan For Magnolia Multifamily Property

10333 Research Forest Drive
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This MultiFamily property located in TX received a loan of $40,000,000 almost 3 years ago. The brokers of the deal were Clifford (Cliff) Welden, Ari Schwartzbard, Henry Stimler, Thomas Alleman, William (Bill) Weber, Zach Springer, and David Mitchell

The multifamily property located at 10333 Research Forest Drive in Magnolia was recently involved in a closed transaction. The property spans approximately 286,800 square feet and consists of 324 units. Situated on 12.5 acres, this asset attracted attention in the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $40,000,000
  • Address: 10333 Research Forest Drive
  • Market: Magnolia

The borrower in this transaction was Orion Real Estate Capital, while the lender involved was Harbor Group International. Newmark represented both parties in the deal, with Thomas Alleman, Zack Springer, David Mitchell, Henry Stimler, Bill Weber, Ari Schwartzbard, and Clifford Welden acting as brokers.

This transaction highlights the collaboration among key individuals and companies, including representatives from Orion Real Estate Capital, Harbor Group International, and Newmark. The successful completion of this deal demonstrates the expertise and professionalism of the parties involved.

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Deals
  • Location
    10333 Research Forest Drive, Magnolia, TX 7735410333 Research Forest Drive, Magnolia, TX 77354
  • Loan Value
    $40,000,000$40,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    7 Brokers, 1 Agency, 1 Lender7 Brokers, 1 Agency, 1 Lender

Agents

Thomas Alleman

Thomas Alleman

Deals2
Financed$53.8M

Henry Stimler

Henry Stimler

Deals22
Financed$1.3B

Ari Schwartzbard

Ari Schwartzbard

Deals8
Financed$517.3M

Zach Springer

Zach Springer

Deals7
Financed$1.9B

William (Bill) Weber

William (Bill) Weber

Deals19
Financed$2.4B

David Mitchell

David Mitchell

Deals8
Financed$103.8M

Agency

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

Harbor Group International

Harbor Group International

Lender
Deals8
Volume$ 21.5B

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Deal Summary

LOAN IMAGE: David Mitchell, Ari Schwartzbard, Thomas Alleman, Bill Weber, Jordan Slone, Henry Stimler, Clifford Welden & Zack Springer DATE: 04/14/2021 ADDRESS: 10333 Research Forest Drive MARKET: Magnolia ASSET TYPE: Multifamily BORROWER: Orion Real Estate Capital LENDER: Harbor Group International BROKERS: Thomas Alleman, Zack Springer, David Mitchell, Henry Stimler, Bill Weber, Ari Schwartzbard, & Clifford Welden - Newmark LOAN AMOUNT: $40,000,000 SF: 286,800 UNITS: 324 ACRES: 12.5

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10333 Research Forest Drive

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