LMI Capital Arranges $15M Loan for Refinancing of Metro Houston Apartments

by Taylor Williams

BAYTOWN, TEXAS — LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged a $15 million loan for the refinancing of a 255-unit multifamily community in Baytown, an eastern suburb of Houston. Brandon Brown of LMI Capital placed the loan, which carried a fixed interest rate of 4.18 percent and three years of interest-only payments. The borrower and property name were not disclosed.

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