Chicago, Illinois ā€“ 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 Capitalā€™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.