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NXT Capital Provides $18M Acquisition Loan for Houston Apartment Community

Houston Apartments

The unnamed, Class B apartment community in Houston features a detached clubhouse with a business center, conference room, community kitchen, fitness center, detached garages, barbecue grills, dog park and a swimming pool with a sun deck.

HOUSTON — NXT Capital has provided an $18 million acquisition loan for an undisclosed apartment community in Houston. The Class B property spans 228 units and features a detached clubhouse with a business center, conference room, community kitchen, fitness center, detached garages, barbecue grills, dog park and a swimming pool with a sun deck. Mark Grace and Alex Koos of Walker & Dunlop’s Irvine, Calif., office arranged the three-year loan with NXT Capital on behalf of the borrower, Haven Realty Capital. The loan features two one-year extension options.

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