Broadwater Apartments

Harbor Capital Group provided $15 million in conduit financing for the acquisition of this property. The borrowing entity was a Delaware Statutory Trust, using 1031 exchange proceeds. The property had just completed its initial lease-up, and was 92% occupied at closing. It is a 248-unit luxury apartment property located in the Houston suburb of Pasadena, TX.

 

 

 

Pasadena, Texas	$15,000,000