HOUSTON AND SAN ANTONIO — Northmarq has provided a $68.8 million Freddie Mac loan for the refinancing of a portfolio of three multifamily properties totaling 940 units in Texas. Two of the properties — Holden Heights and Estancia San Miguel — are located in Houston, and the third property, The Montecristo, is located in San Antonio. Holden Heights and Estancia San Miguel total 282 and 300 units and were built in 2015 and 2006, respectively. Both properties offer one- and two-bedroom units, while Estancia San Miguel also includes three-bedroom floor plans. Built in 2005, The Montecristo totals 358 units in one-, two- and three-bedroom floor plans. Taylor Francis, David Blum, Joe Giordani, Charlie Buckingham and Matt Radich of Northmarq originated the fixed-rate loan on behalf of the borrower, Francis Property Management.
Pictured is Holden Heights Apartments, a 282-unit apartment complex in Houston and one of three properties in the newly refinanced portfolio.
Northmarq Provides $68.8M Agency Loan for Refinancing of Texas Multifamily Portfolio
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