HOUSTON – Iliad Realty Group has received a $27 million acquisition loan for Villa Nueva Apartments, a 542-unit multifamily complex at 5300 W. Gulf Bank Rd.
Built in 1980, the property has one- and two-bedroom units and amenities such as three pools and onsite laundry facilities.
Greystone originated the interest-only loan, which carries a two-year term and two six-month extension options.
The Real Estate Center has more Houston multifamily news online.
Source: REBusiness Online
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