Watermark Financial, Inc., a Los Angeles based boutique commercial mortgage firm, secured $50,100,000 in financing for the purchase of Broadway Square Apartments in Houston, Texas.
The five year loan, which carries a 5.65% rate and a 30 year amortization schedule, was facilitated by Watermark (http://www.watermarkfinancialgroup.com) for the Post Investment Group, LLC, an LA based real estate investment company.
“Watermark specializes in making the best match between borrower and lender. We are proud to have helped a client close on a large balance transaction, especially during such volatile market conditions,”
Originally built in 1977, Broadway Square Apartments are a 2,469 unit complex which consists of 14 buildings spanning a 69 acre lot.
“The property will be a great addition to our current Texas holdings and gives us a strong presence in one of the nation’s preeminent real estate markets,” said Jason Post, President of Post Investment Group.
Watermark is helmed by Georgia Ragsdale and Elizabeth Braman, Esq. and serves clients in the development and real estate investment sector. Please visit http://www.watermarkfinancialgroup.com
ABOUT WATERMARK FINANCIAL, INC.
Los Angeles based Watermark Financial is a boutique commercial brokerage firm providing developers and real estate investors debt, mezzanine and equity financing. Watermark specializes in construction, multifamily, self storage sectors and arranges financing across all property tiers.
