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NorthMarq brokers financing for $10.6 million Houston apartment complex June 3, 2021 Travis Fite, senior vice president of NorthMarq’s Houston office, arranged acquisition financing of $10,660,000 for Coral Island Apartments. The 316-unit, class B garden-style apartment is located at 4700 South Kirkwood Road in Houston, Texas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq secured financing for the borrower through its in-house Fannie Mae team. “The buyer was in a 1031 exchange and needed to close quickly,” said Fite. “We were able to issue a Fannie Mae application and close the loan 43 days later.” The property, just 18 miles from downtown Houston, benefits from close proximity to four schools, numerous restaurants and entertainment options along Bellaire Boulevard, as well as nearby outdoor spaces including Arthur Storey Park.

United statesTravis fiteFannie maeCoral islandKirkwood roadBellaire boulevardArthur storeyஒன்றுபட்டது மாநிலங்களில்டிராவிஸ் பிட்டேபன்ணிிே மேபவளம் தீவுகர்க்‌வ்ந்ட் சாலைபெல்லாயர் பவுல்வர்டுஆர்தர் மாடி