Chicago, Illinois – NXT Capital announced today that it provided a $10 million first mortgage loan to refinance a 133-unit, Class- A apartment community in Houston, Texas.
The property offers convenient access to the Westchase Business District and The Galleria Shopping Mall. Community amenities include a resort-style swimming pool, sundeck and grilling stations, as well as a resident lounge and fitness center.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $10 million to $75 million for major-market properties with initial DSC greater than 1.0X. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.