Francis Property Management inked a $68.7 million refinancing on three Texas multifamily communities.
Northmarq’s Debt + Equity deal team led by Taylor Francis, along with David Blum, Joe Giordani, Charlie Buckingham and Matt Radich arranged the permanent fixed-rate financing for the three-property Class A multifamily portfolio totaling 940 units located in Houston and San Antonio, Texas. Each loan was structured on a 10-year term with full-term interest-only payments.
Holden Heights (shown) is a 282-unit mid-rise apartment community in Houston’s highly desirable Heights neighborhood. Built in 2015, the property features one- and two-bedroom floor plans with community amenities that incudeo a pool, wellness center, and a landscaped courtyard.
Estancia San Miguel is a 300-unit garden-style community situated in Houston’s Cypress/Fairbanks submarket. Built in 2006, the property features one-, two- and three-bedroom floor plans with amenities that include a swimming pool, clubhouse, business center and on-site laundry facilities.
The Montecristo Apartments is a 358-unit garden-style community strategically positioned along North Loop 1604 East within San Antonio’s Far North Central submarket. Built in 2005, the property offers private balconies and fireplaces in select floor plans.
Join the region’s leading multifamily owners, developers, investors, lenders, and brokers at Connect Texas Multifamily on August 13 in Dallas for a focused discussion on the market forces redefining Texas real estate. Be in the room with the decision-makers driving deals and growth across Texas. Register today: www.ConnectTXMF2026.com.
The post Northmarq Arranges Refis for Three Texas Rental Communities appeared first on Connect CRE.
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