LMI CAPITAL ARRANGES $29.2M IN MULTIFAMILY DEBT

HOUSTON AND AUSTIN, TEXAS — Jamie Mullin of LMI Capital has arranged $29.2 million in debt across six multifamily properties for six different borrowers. The loans include:

• A 10-year, $7.2 million refinance loan for a 380-unit property in the Greenspoint area of Houston
• A 10-year, $4.8 million acquisition loan for a 258-unit multifamily community in southwest Houston
• A 10-year, $4.8 million refinance loan for a 240-unit property in southwest Houston
• A three-year, $3.6 million acquisition loan for a 216-unit distressed community in southwest Houston
• A 10-year, $6.6 million acquisition loan through Fannie Mae for a 192-unit community in north Austin
• A 10-year, $2.2 million acquisition loan for a 54-unit property in north Austin