REBusinessOnline

LMI Capital Arranges $8M Acquisition Loan for Houston Apartment Complex

HOUSTON — LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged an $8 million bridge loan for the acquisition of a 150-unit apartment community in southwest Houston. Kurt Dennis of LMI Capital placed the loan, which was structured with three years of interest-only payments and a floating interest rate, on behalf of the undisclosed borrower. A portion of the funds will be used to complete renovations

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties