$4.4-million-dollar-Refinance-loan-Brandon-LMI-Capital-Houston

LMI Capital Arranges $4.4M Refinancing Loan for Apartment Property in Houston

by Haisten Willis

HOUSTON — Brandon Brown of LMI Capital has arranged $4.4 million in debt for the refinancing of a garden-style apartment complex in the Inner Loop East submarket of Houston. Brown worked on behalf of the borrower to obtain a seven-year, fixed-rate loan featuring two years of interest-only payments and a flexible prepayment structure. The borrower plans to use the excess loan proceeds to fund future development projects.

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