Refinancing of Houston Apartment Building
Gantry, a commercial mortgage banking firm, has arranged a $9.3 million loan for the refinancing of Memorial Tower, a 112-unit apartment building in Houston.
The building, located at 5400 Memorial Drive, offers various amenities, including a pool, clubhouse, and fitness center. A regional bank provided the 10-year loan to a private investor.
- Loan amount: $9.3 million
- Location: 5400 Memorial Drive, Houston
- Building amenities: pool, clubhouse, speakeasy lounge, fitness center, pickle ball court, dog park
Jeff Matlock and Claire Jones led the transaction for Gantry. The parties involved have requested anonymity.
No direct quotes available.
Gantry's arrangement of the loan demonstrates its expertise in commercial mortgage banking.
Author's summary: Gantry arranges $9.3M loan.