LMI Capital Arranges $23M Loan for Refinancing of Houston Apartment Community

by Taylor Williams

HOUSTON — LMI Capital has arranged a $23 million loan for the refinancing of a 270-unit apartment community located on the southwest side of Houston. Brandon Brown of LMI Capital arranged the loan, which was structured with a fixed 3.13 percent interest rate and five years of interest-only payments, on behalf of the undisclosed borrower.

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