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Fein Refinances Houston Apartments for $92 Million, CBRE Reports

Martin Fein

Martin Fein

HOUSTON CBRE Capital Markets’ Debt & Structured Finance team has secured a $92 million loan for the refinance of Willowick Park, a 552-unit apartment community in the Inner Loop of Houston.

The apartments, recently developed by Houston-based Martin Fein Interests, are located west of Weslayan Street and south of West Alabama.

The properties included in the transaction are:

  • Aria at Willowick Park – 325 units.
  • Olympia at Willowick Park – 189 units.
  • Townhomes at Willowick Park – 38 units.
Hal Holliday

Hal Holliday

Hal Holliday and Rusty Chiles of CBRE’s Houston office arranged the loan on behalf of the borrower, Willowick Venture, Ltd.—a partnership between a large institutional investor and the Fein organization. Fannie Mae provided the 10-year, loan which was used to refinance the original construction loan.

Willowick Park. 3255 Las Palmas Drive, is located near Highland Village, River Oaks District and the Galleria.

Nov. 28, 2016 Realty News Report Copyright 2016

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