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Transaction Details

252-Unit Multifamily Acquisition Loan


Tomball, Texas

  • Loan Amount: $32,650,000
  • LTC: 80%
  • Project Type: Multifamily Acquisition

Transaction Overview

StackSource recently arranged financing for the acquisition of a 252-unit multifamily property in Tomball, Texas. This submarket in the Houston area has seen rent growth of 16% in the past 12 months. Approximately 50% of the units will rollover and be renovated within 18 months to capitalize on the market rents which are already being realized on other renovated units at the property. StackSource Senior Managing Director, Beth Mercante was able to secure this dual debt and equity placement with an 80% LTC including some capex funding.  The capital will be in place for 2 years when it will be refinanced into a permanent agency loan.

MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.

MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.

Intermediaries Team

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