138
HOUSTON — Meridian Capital Group LLC has arranged a $19.5 million loan for the acquisition of four Houston multifamily properties. The purchased portfolio includes the 228-unit Valencia at Spring Branch Apartments at 9550 Long Point Road, the 192-unit Forest Apartments at 22820 Imperial Valley Drive, the 300-unit Pine Creek Apartments at 470 Maxey Road and the 264-unit Kirkwood Landing Apartments at 9850 South Kirkwood Drive. Michael Brown and Brad Beattie of Meridian arranged the CMBS loan, which includes a five-year term at a fixed rate of 5.1 percent, for an undisclosed borrower.