Ryan Watson of Q10 KDH closed a $4,500,000 multifamily loan. The property is located in West Houston and contains 140 units. Financing was provided by a regional bank at LIBOR + 275 bps with no prepayment penalty at 75% of cost including rehab.

“The repeat KDH client has significant experience with rehabbing and restructuring the tenant profile of multifamily properties. The lender was able to see this from past projects and aggressively quoted this acquisition with generous terms in leverage and interest rate.” – Ryan Watson