REBusinessOnline

LMI Capital Closes $16M in Financing for Two Retail Centers in Greater Houston, Austin

HOUSTON AND AUSTIN, TEXAS — LMI Capital has arranged $15 million for the refinancing of two retail properties in the greater Houston and Austin areas. The first transaction was a 10-year loan for a 102,000-square-foot site in southeast Austin, and the second transaction was a seven-year loan for a 21,000-square-foot property in north Houston. Both loans included a 4.75 percent fixed interest rate, flexible step-down payment and minimal closing costs. The names and addresses of the properties were not disclosed.

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