REBusinessOnline

Natixis Originates $45M Acquisition Loan for Houston Apartment Complex

HOUSTON — French investment bank Natixis has originated a $45 million loan for the acquisition of Venue Museum District, a 224-unit multifamily complex in Houston. The Class A, mid-rise property, which is located at 5353 Fannin St., features one- and two-bedroom units and amenities such as a pool, resident lounge, fitness center and outdoor kitchen. The borrower was Hines Global Income

HJ Sims Closes $186.5M in Construction Financing for Seniors Housing Project in Dallas

DALLAS — Connecticut-based investment bank HJ Sims has closed on $186.5 million in financing for Legacy Midtown Park, a 325-unit continuing care retirement community in Dallas that broke ground over the summer. Individual components of the financing package include $69.9 million in underwritten bonds, $70.5 million in financing and $14 million in subordinate financing. The property will offer independent living, assisted living and memory care units. The borrower was Legacy Senior …

Mission Capital Arranges $29.4M Construction Loan for Mixed-Use Project in Austin

AUSTIN, TEXAS — Mission Capital has arranged a $29.4 million loan for the construction of 1600 S. 1st St., an 86,700-square-foot mixed-use project that will be located in the Bouldin neighborhood of Austin. Upon completion, the project will feature 59 residential units, 22,800 square feet of ground-floor commercial space and a 321-space parking garage. Jason Parker, Steven Buchwald and Jamie Matheny of Mission Capital arranged the non-recourse loan through a local debt fund on behalf of the …

LMI Capital Arranges Two Multifamily Loans Totaling $49M in Houston

HOUSTON — LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged two multifamily loans totaling $49 million in Houston. In the first transaction, Brandon Brown of LMI Capital arranged a $26 million acquisition loan for a 460-unit asset in the Briar Forest/Westchase area. The loan features a 4.82 percent fixed interest rate and seven years of interest-only payments. In the second deal, Jamie Mullin of LMI Capital arranged a $23 million loan for the refinancing a 360-unit …

KeyBank Secures $59.4M Green Acquisition Loan for Houston Apartment Complex

HOUSTON — KeyBank Real Estate Capital has secured a $59.4 million acquisition loan for The Westmore at Bellaire, a 580-unit apartment complex in Houston. Built in 1990, the Class A property comprises 19 three-story buildings. Caleb Marten of KeyBank secured the non-recourse, fixed-rate loan through Fannie Mae’s Green Rewards program. The 10-year loan also includes five years of interest-only payments and a 30-year amortization schedule. The borrower was not

LMI Capital Arranges Four Multifamily Acquisition Loans Totaling $21M in Southeast Texas

HOUSTON — Houston-based LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged four acquisition loans totaling $21 million for a quartet of multifamily assets located across three coastal counties in southeast Texas. The properties include two assets totaling 320 units in Brazoria County, a 100-unit property in Jefferson County and a 20-unit asset in Galveston County. Brandon Brown, Kurt Dennis and Jamie Safier of LMI Capital arranged the loans on behalf of undisclosed …

TriGate Capital, M-M Properties Refinance 1.5 MSF Office Tower in Downtown Dallas

DALLAS — A partnership between Dallas-based TriGate Capital LLC and developer/operator M-M Properties has refinanced Comerica Bank Tower, a 60-story, 1.5 million-square-foot office building in downtown Dallas. The Dallas Morning News reports that the amount of the loan is $163 million. Completed in 1987, the property includes ground-floor restaurant space and amenities such as a conference center, tenant lounge and a patio bar. The loan proceeds will be used to repay an existing CMBS loan …

HFF Arranges $105M Loan for Refinancing of Retail Power Center in Tyler, Texas

TYLER, TEXAS — HFF has arranged a $105 million loan for the refinancing of The Village at Cumberland Park, a nearly 650,000-square-foot retail power center in Tyler, about 100 miles east of Dallas. The property, construction of which began in 2014, comprises 14 buildings leased to tenants such as Nike, Bed Bath & Beyond, Burlington and Old Navy. Jim Curtin of HFF, along with Joseph Monteleone of Q10 | Triad Capital Advisors, secured the 36-month, floating-rate loan through Bank of America …

Q Investments Refinances 391,091 SF Office Complex in Metro Dallas

RICHARDSON, TEXAS — A subsidiary of Q Real Estate Holdings LP, an affiliate of Fort Worth-based Q Investments LP, has refinanced 2400 Glenville, a 391,091-square-foot office complex located in the northeastern Dallas suburb of Richardson. The property, which is situated on 35 acres, underwent several renovations over the past few years to upgrade its common areas and add a new fitness center. Brian Carlton of HFF arranged the three-year, floating-rate refinancing for the transaction through …

KeyBank Secures $38.4M for Construction of Affordable Housing Asset in Austin

AUSTIN, TEXAS — KeyBank has secured $38.4 million for the construction of Del Valle Apartments, an affordable housing community in Austin. The project will be developed in a public-private partnership between NRP Group and Strategic Housing Finance Corp. of Austin County. Key’s Commercial Mortgage Group secured a $29.4 million Freddie Mac Tax Exempt Loan (TEL) that follows a three-year forward commitment with one, six-month extension. Upon conversion to a permanent loan, the TEL will …

subscribe


Conferences