Lightstone Capital Provides $14.7M Acquisition Loan for Villa Ana Apartments in Houston

by Taylor Williams

HOUSTON — Lightstone Capital, a New York City-based direct lender, has provided a $14.7 million acquisition loan for Villa Ana Apartments, a 176-unit multifamily complex in southwest Houston that was built in 1979. According to Apartments.com, Villa Ana offers one- and two-bedroom units and a pool, business center and onsite laundry facilities. Jim Richards of CBRE arranged the loan with Lightstone Capital. The borrower, an undisclosed, Houston-based limited liability company, will use a portion of the proceeds to fund capital improvements.

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