38
HOUSTON — The Woodlands, Texas-based LMI Capital has arranged $5.31 million for the acquisition of The Lenox Apartments, a 164-unit multifamily community located in Houston. The non-recourse loan includes a 10-year term with a 5.86 percent interest rate. Brandon Brown of LMI secured the loan on behalf of the borrower, Axiom Equity Investments II. The lender was one of LMI's Fannie Mae DUS lending sources.