Lev Arranges $11.7M Loan for Refinancing of Houston Multifamily Property

by Taylor Williams

HOUSTON — Lev, a commercial financing platform based in New York City, has arranged an $11.7 million bridge loan for the refinancing of an undisclosed, 292-unit multifamily property in Houston. Justin Piasecki, Richard Sutton and Max Lipner of Lev originated the three-year, floating-rate, interest-only loan. The borrower, Los Angeles-based Claridge Properties, originally acquired the asset in December 2020 and subsequently implemented a range of capital improvements.

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