$1,148, 226
  • 75% LTV
  • 1-year term
  • Southwest Multifamily

Texas Multifamily Commercial Financing

The 19-unit multifamily complex is located at 9711 Linkmeadow Lane #18, in Houston, Texas. The complex is a conforming two story walk up in the residential multifamily area of Willow Meadows, fifteen minutes from Downtown Houston. The unit mix consists of 15 two-bedrooms and four three-bedrooms. After renovations, features will include granite countertops and stainless-steel appliances. There are currently ten vacant units, which will be fully renovated. The remaining nine will have cosmetic upgrades completed as they become vacant with a four-month time frame for completion of renovations. Located in a premier community, the property has high visibility and complementary properties, and existing operational history. As well, the property is approximately 10 minutes from the Medical Center.

Adriel, one of the property’s investors, has completed 17 fix and flip properties, a majority being full gut and rehab. He also purchased a 14-unit multifamily and renovated the property to increase the occupancy from 90 to 100%. Paris Washington, also an investor, has been in the rehab business for three years and completed four fix and flips. Paris is a licensed Real Estate Agent with over 30 transactions is the Houston/Humble area.