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August 3, 2020 Comments Off on NKF Arranges Refi on Houston Workforce Housing Views: 723 Houston-Galveston, Texas News

NKF Arranges Refi on Houston Workforce Housing

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NKF arranged the $54.8-million Freddie Mac refinancing of Nob Hill Apartments in Houston. The financing effort was led by Multifamily Capital Markets executive managing director Matt Greer of the firm’s Austin office on behalf of repeat NKF and Freddie Mac client, Steadfast Companies.

“Completing this loan during the current pandemic is a testament to the teams at Steadfast and Freddie Mac,” said Greer. “Nob Hill provides over 1,300 units of workforce housing, which is more critical now than ever. Recognizing this, Freddie Mac stepped up to the plate as a trusted lending partner.”

Constructed in 1967, Nob Hill consists of four phases, operated as one complex comprising 1,326 units. The garden-style property offers newly renovated one- and two-bedroom floorplans.

Located at 5410 N. Braeswood Blvd., the property is situated within a prestigious area of Houston and is located next to the Brays Bayou Greenway Trail and near the Meyerland Plaza.

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