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NorthMarq brokers financing for $10.6 million Houston apartment complex

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. ....

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5 beaches within driving distance of Nottinghamshire as temperatures soar during half term

5 beaches within driving distance of Nottinghamshire as temperatures soar during half term
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Альбомы мая

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Ab auf den Bauernhof: Diese Farming-Games erscheinen bald

Ab auf den Bauernhof: Diese Farming-Games erscheinen bald
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In Pictures: Tourism at home and abroad boosted as lockdown brakes are released

In Pictures: Tourism at home and abroad boosted as lockdown brakes are released
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