REBusinessOnline

LOVE FUNDING ARRANGES $5.52 MILLION MULTIFAMILY LOAN

HOUSTON — The Washington, D.C. office of Love Funding has arranged $5.52 million in acquisition financing for Crystal Falls Apartment Homes, a 165-unit multifamily community located in Houston. Constructed in 1984, Crystal Falls contains nine two- and three-story buildings. Amenities include a pool and hot tub, a clubhouse, an exercise room, a laundry room and gated access. The loan includes a 5.35 percent fixed interest rate and a 25-year amortization schedule. It was originated by Love Funding’s Holly Bray, who utilized the HUD 223(f) program. The borrower was not disclosed.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
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‣ Pavlov Media
‣ Walker & Dunlop

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