REBusinessOnline

LMI Capital Arranges Two Acquisition Loans Totaling $20.7M for Houston Multifamily Assets

HOUSTON — LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged two acquisition loans totaling $20.7 million for a pair of multifamily assets in Houston. In the first transaction, Jamie Safier of LMI Capital placed a $13.7 million loan for a 240-unit property in southeast Houston. The loan carried a 4.27 percent interest rate and five years of interest-only payments. In the second deal, Safier arranged a $7 million loan for a 105-unit community in east Houston. That loan was structured with a 4.63 percent interest rate and three years of interest-only payments. The borrowers and property names were not disclosed.

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