Chicago, Illinois – NXT Capital announced today that it closed a $21 million loan to refinance a Class-A, newly constructed apartment community in Houston, Texas.
Community amenities include a clubroom, conference room, storage units, business center, library, fitness center, yoga room, outdoor grilling stations and a swimming pool.
Greg Young and David Cortez in the Houston office of Grandbridge Real Estate Capital placed the loan with NXT Capital.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.