Iliad Realty Group picks up 542 Houston unitsIliad Realty Group picks up 542 Houston unitshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=231372019-09-20T05:00:00Z2019-09-24T22:00:00Z

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.

Estreich & Co. arranged the debt, a portion of which will be used to fund capital improvements.

Texas logoThe Real Estate Center​​​​ has more Houston multifamily news online.

​Source: REBusiness On​line​

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