103
HOUSTON — LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged two acquisition loans totaling $23.7 million for a pair of multifamily assets in the Houston area. In the first transaction, Brandon Brown of LMI Capital placed a $10.7 million floating-rate loan for a 170-unit asset in Brazoria County. The loan carried a 3.8 percent interest rate at closing and included three years of interest-only payments. In the second deal, Jamie Safier of LMI Capital arranged $13 million in acquisition financing for a 190-unit property in Houston’s Galleria submarket. The loan was structured with a fixed 4.5 percent interest rate and two years of interest-only payments. Borrowers and property names were not disclosed.