Multifamily Preferred Equity
Houston, TX | 336-unit
Houston, TX
Location
Multifamily
Property Type
Construction
Pref. Equity
$38.7MM
Loan Amount
36 Mo.
Loan Term
OUR PORTFOLIO
Recent Originations
Description
Palladius provided a preferred equity investment with a detachment point below $150K/unit for the construction of 336 multifamily units in a growing submarket of NW Houston and adjacency to a Walmart Supercenter. The developer is an experienced owner/operator of multifamily and retail in the Houston MSA. The construction has been completed, and the asset is currently in lease up.